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Extra Space Storage EXR Self-Storage Operations — Operating Income (Loss)

Other segment segments

Tenant Reinsurance
$71.25M+5.4%

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PSASelf-storage facilities — Net Income
$531.72M+2.4%

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$31.52B0.0%
Enterprise value$32.15B0.0%
P/E33.4×+1.1×
P/S9.2×-0.3×

Profitability

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Gross margin72.7%-1.4pp
Operating margin40.8%-1.2pp
Net margin27.7%-0.2pp
FCF margin54.4%-3.2pp

Returns & leverage

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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:OperatingIncomeLoss.

The official record: Extra Space Storage’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extra Space Storage's self-storage operations — operating income (loss)?
Extra Space Storage (EXR) reported self-storage operations — operating income (loss) of $494.91M in Q1 2026.
How has Extra Space Storage's self-storage operations — operating income (loss) changed year-over-year?
Extra Space Storage's self-storage operations — operating income (loss) increased by 2.9% year-over-year, from $480.8M to $494.91M.
What is the long-term trend for Extra Space Storage's self-storage operations — operating income (loss)?
Over 4 years (2021 to 2025), Extra Space Storage's self-storage operations — operating income (loss) has grown at a 19.4% compound annual growth rate (CAGR), from $972.38M to $1.98B.
What does self-storage operations — operating income (loss) mean?
This metric represents the core profitability of the self-storage property portfolio before corporate-level expenses, interest, and taxes. It is calculated by subtracting property-level operating expenses—such as payroll, marketing, property taxes, and maintenance—from the total rental and ancillary revenues generated by the storage facilities. This figure serves as a primary indicator of the operational efficiency and market demand for the company's core real estate assets.