What does PA — building and improvements initial cost mean?

The historical cost basis of the physical structures and initial capital improvements made to properties within this geographic segment. This excludes the cost of the underlying land.

Extra Space Storage EXR PA — 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%

$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

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

$33.56M0.0%

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

$345.55M-4.1%

LINEPennsylvania — Initial cost to company, buildings and improvements

$422M+18.9%

PSAPhiladelphia — Initial Cost, Building & Improvements

$341.3M+14.7%

REGPA — Real Estate And Accumulated Depreciation Initial Cost Of Land

$52.67M0.0%

OHIPA — Real Estate And Accumulated Depreciation Initial Cost Of Land

$25.3M-5.9%

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

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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

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$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 PA — building and improvements initial cost?: Extra Space Storage (EXR) reported PA — building and improvements initial cost of $386.99M in Q4 2025.
How has Extra Space Storage's PA — building and improvements initial cost changed year-over-year?: Extra Space Storage's PA — building and improvements initial cost increased by 8.6% year-over-year, from $356.33M to $386.99M.
What does PA — building and improvements initial cost mean?: The historical cost basis of the physical structures and initial capital improvements made to properties within this geographic segment. This excludes the cost of the underlying land.