Extra Space Storage (EXR): financials, SEC filings and peers
Extra Space Storage (EXR) is a self-storage reits company in the Real Estate sector of the S&P 500, headquartered in Salt Lake City, Utah.
It was founded in 1977 and joined the S&P 500 on January 19, 2016.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Extra Space Storage at a glance
- Revenue (12 months)
- $3.5B
- Revenue growth
- +4.1%
- Operating margin
- 43.8%
- Net income (12 months)
- $1.0B
- Free cash flow (12 months)
- $1.6B
- Cash
- $115M
- Debt
- —
- Diluted EPS (12 months)
- $4.92
Twelve months to September 30, 2026, from the 10-Q filed October 30, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Extra Space Storage reported revenue of $3.5 billion, about the same as a year earlier (+4.1%).
Its operating margin was 43.8%, up 1.2 percentage points from a year earlier: for every $100 of sales, about $44 was left as operating profit.
Net income was $1.0 billion (29.9% of revenue), 9.5% higher than a year earlier.
Operating cash flow was $1.9 billion and capital spending $357 million, leaving free cash flow of $1.6 billion (44.7% of revenue).
At the end of the period it held $115 million in cash and not reported in debt, a net cash position of $115 million.
Five-year trend
- Revenue went from $1.4 billion in fiscal 2020 to $3.4 billion in fiscal 2025, about 20.0% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin narrowed from 49.1% to 41.8% over the same years.
- Free cash flow was positive in each of the last 4 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $2.6B | $3.3B | $3.4B |
| Revenue growth | 16.3% | 22.0% | 33.1% | 27.2% | 3.7% |
| Operating margin | 61.9% | 54.6% | 45.7% | 40.6% | 41.8% |
| Net income | $828M | $861M | $803M | $855M | $974M |
| Free cash flow | — | $45M | $1.3B | $1.4B | $1.3B |
| Diluted EPS | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 |
Fiscal years as reported in Extra Space Storage’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 30, 2026 — quarterly report
- 8-K filed October 27, 2026 — Earnings results
- 8-K filed August 24, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed July 31, 2026 — quarterly report
- 8-K filed July 28, 2026 — Earnings results
- 8-K filed July 6, 2026 — Material agreement; New debt obligation
- 8-K filed June 25, 2026 — Other event
- 8-K filed May 15, 2026 — Shareholder vote results
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Questions about Extra Space Storage
Is Extra Space Storage's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $3.5 billion, up 4.1% from a year earlier, according to its SEC filings.
Is Extra Space Storage profitable?
Yes. It earned $1.0 billion in net income over the twelve months to September 30, 2026, a net margin of 29.9%.
When did Extra Space Storage last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 30, 2026.
Which companies are similar to Extra Space Storage?
In the S&P 500, Extra Space Storage is grouped in Self-Storage REITs within the Real Estate sector. Public Storage (PSA) are in the same group.
Understand the numbers
Source: Extra Space Storage’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.