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)
- $3.4B
- Revenue growth
- +4.2%
- Operating margin
- 40.9%
- Net income (12 months)
- $958M
- Free cash flow (12 months)
- $1.5B
- Cash
- $695M
- Debt
- —
- Diluted EPS (12 months)
- $4.53
Twelve months to June 30, 2026, from the 10-Q filed July 31, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Extra Space Storage reported revenue of $3.4 billion, about the same as a year earlier (+4.2%).
Its operating margin was 40.9%, down 2.8 percentage points from a year earlier: for every $100 of sales, about $41 was left as operating profit.
Net income was $958 million (27.8% of revenue), 1.9% lower than a year earlier.
Operating cash flow was $1.9 billion and capital spending $363 million, leaving free cash flow of $1.5 billion (44.6% of revenue).
At the end of the period it held $695 million in cash and not reported in debt, a net cash position of $695 million.
The diluted share count rose 4.0% in a year, which dilutes existing shareholders.
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
- 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
- 10-Q filed May 1, 2026 — quarterly report
- 8-K filed April 28, 2026 — Earnings results
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Questions about Extra Space Storage
Is Extra Space Storage's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $3.4 billion, up 4.2% from a year earlier, according to its SEC filings.
Is Extra Space Storage profitable?
Yes. It earned $958 million in net income over the twelve months to June 30, 2026, a net margin of 27.8%.
When did Extra Space Storage last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 31, 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 September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.