What does MD — building and improvements initial cost mean?

The historical cost basis of buildings and structural improvements at the time of acquisition or completion within the MD geographic segment. It excludes the value of the underlying land.

Extra Space Storage EXR MD — Building and Improvements Initial Cost

Other geography segments

$2.99B-0.7%

$2.75B-1.4%

$2.36B+3.4%

$1.28B+6.5%

$1.21B+1.0%

$1.12B+3.2%

$1.1B+1.4%

$852.46M+1.1%

$601.22M+5.9%

$574.88M+3.1%

$559.04M+2.2%

$551.04M+15.4%

$516.92M+1.6%

$390.42M+1.3%

$386.99M+8.6%

$382.04M-1.6%

$373.63M0.0%

$364.79M-5.0%

$357.85M0.0%

$280.26M+8.1%

$195.72M0.0%

$192.5M0.0%

$188.95M0.0%

$188.81M+17.3%

$126.6M0.0%

$125.42M+219%

$89.88M0.0%

$86.34M0.0%

$81.11M-8.2%

$74.96M0.0%

$72.56M0.0%

$68.04M0.0%

$59.03M-28.1%

$55.03M0.0%

$31.27M0.0%

$28.53M0.0%

$25.24M0.0%

$18.17M0.0%

$1.9M0.0%

Similar metrics at other companies

REGMD — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$21.51M0.0%

LINEMaryland — Initial cost to company, buildings and improvements

$66M0.0%

OHIMD — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$131.74M0.0%

PSABaltimore — Initial Cost, Building & Improvements

$798.01M+1.3%

UDRBaltimore Md — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$410.41M0.0%

WELLMaryland — SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Building and Improvements

$443.07M—

Other financials

Income statement

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Revenue$856.0M+4.4%

Gross profit$617.7M+3.6%

Operating income$367.6M-5.4%

Net income$241.0M-11.0%

EPS (diluted)$1.14-10.9%

Balance sheet

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Cash & equivalents$143.4M+16.5%

Total debt$769.7M+9.2%

Total equity$13.3B-4.0%

Total assets$29.1B+0.4%

Cash flow

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Operating cash flow$489.9M+1.8%

CapEx$7.2M-9.2%

Free cash flow$482.6M+1.9%

Valuation

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Market cap$30.56B-0.4%

Enterprise value$31.18B-0.3%

P/E32.4×+0.9×

P/S9×-0.3×

Profitability

See full

Gross margin72.7%-1.4pp

Operating margin40.8%-1.2pp

Net margin27.7%-0.2pp

FCF margin54.4%-3.2pp

Returns & leverage

See full

Return on equity6.9%+0.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Extra Space Storage in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements.

The official record: Extra Space Storage’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extra Space Storage's MD — building and improvements initial cost?: Extra Space Storage (EXR) reported MD — building and improvements initial cost of $470.79M in Q4 2025.
How has Extra Space Storage's MD — building and improvements initial cost changed year-over-year?: Extra Space Storage's MD — building and improvements initial cost increased by 4.4% year-over-year, from $450.95M to $470.79M.
What does MD — building and improvements initial cost mean?: The historical cost basis of buildings and structural improvements at the time of acquisition or completion within the MD geographic segment. It excludes the value of the underlying land.