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Extra Space Storage EXR MS — Store Count

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TISIMS — Revenue
$91.67M+7.8%

Other financials

Income statement

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Revenue$874.2M+3.9%
Gross profit$617.7M+3.6%
Operating income$392.2M+4.9%
Net income$263.5M+5.5%
EPS (diluted)$1.25+5.9%

Balance sheet

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Cash & equivalents$695.2M+440%
Total debt$767.6M+3.3%
Total equity$13.3B-3.9%
Total assets$29.7B+1.0%

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$31.59B+7.8%
Enterprise value$31.67B+5.8%
P/E33×+3.0×
P/S9.2×+0.3×

Profitability

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Gross margin72.7%-1.4pp
Operating margin40.9%-2.8pp
Net margin27.8%-1.7pp
FCF margin54.4%-3.2pp

Returns & leverage

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Return on equity7.1%+0.1pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Extra Space Storage in its filing.

Tagged under the XBRL concept exr:SECSchedule1228RealEstateCompaniesInvestmentinRealEstateandAccumulatedDepreciationNumberofStores.

The source filing: Extra Space Storage’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 4:54 PM EST
Fiscal year
FY2025
Accession
0001289490-26-000011
Self - Storage Facilities by State:Store CountDebtLand Initial CostBuilding and Improvements Initial CostAdjustments and Costs to Land and Building Subsequent to AcquisitionGross carrying amount at December 31, 2025 / LandGross carrying amount at December 31, 2025 / Building and ImprovementsGross carrying amount at December 31, 2025 / TotalAccumulated Depreciation
MI1113,16289,8818,51913,16298,400111,56218,422
MN79,69674,9607,9669,69682,92692,62214,299
MO2933,810357,85320,03433,768377,928411,69634,667
MS55,85959,0322,8515,85961,88367,7428,767
NC5597,951574,88226,65997,948601,544699,49263,957
NH1750,952195,7196,05551,015201,711252,72615,684
NJ9246,814311,9461,097,185108,211318,4161,198,9261,517,342276,650
NM1216,47632,24872,5609,65632,24782,216114,46322,078

Item 8. Financial Statements and Supplementary Data

FAQ

What is Extra Space Storage's MS — store count?
Extra Space Storage (EXR) reported MS — store count of 1.3 in Q4 2025.
How has Extra Space Storage's MS — store count changed year-over-year?
Extra Space Storage's MS — store count decreased by 28.6% year-over-year, from 1.8 to 1.3.
What is the long-term trend for Extra Space Storage's MS — store count?
Over 4 years (2021 to 2025), Extra Space Storage's MS — store count has grown at a 13.6% compound annual growth rate (CAGR), from 3 to 5.
What does MS — store count mean?
The total number of self-storage facilities currently operated or owned within the specific geographic or operational segment. This metric tracks the physical footprint and scale of the company's presence in a defined market area.

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