What does OK — building and improvements initial cost mean?

The original cost basis of buildings and structural improvements at the time of acquisition or completion within the specified geographic segment. This metric tracks the initial capital expenditure required to develop or purchase the physical storage infrastructure. It serves as the foundation for calculating depreciation expenses over the asset's useful life.

Extra Space Storage EXR OK — 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%

$470.79M+4.4%

$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%

$25.24M0.0%

$18.17M0.0%

$1.9M0.0%

Similar metrics at other companies

PSABoston — Initial Cost, Building & Improvements

$230.43M+3.0%

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

$11.19M0.0%

PSAMobile — Initial Cost, Building & Improvements

$141.14M+42.0%

LINEColorado — Initial cost to company, buildings and improvements

$149M0.0%

MAY

MAYSReal Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$19.73M—

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

$571.75M+1.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$489.9M+1.8%

CapEx$7.2M-9.2%

Free cash flow$482.6M+1.9%

Valuation

See full

Market cap$31.76B-0.4%

Enterprise value$32.39B-0.3%

P/E33.6×+1.0×

P/S9.3×-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 OK — building and improvements initial cost?: Extra Space Storage (EXR) reported OK — building and improvements initial cost of $28.53M in Q4 2025.
What does OK — building and improvements initial cost mean?: The original cost basis of buildings and structural improvements at the time of acquisition or completion within the specified geographic segment. This metric tracks the initial capital expenditure required to develop or purchase the physical storage infrastructure. It serves as the foundation for calculating depreciation expenses over the asset's useful life.