Extra Financial Statements From 2010 to 2024

EXR Stock  USD 172.68  1.00  0.58%   
Extra Space financial statements provide useful quarterly and yearly information to potential Extra Space Storage investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Extra Space financial statements helps investors assess Extra Space's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Extra Space's valuation are summarized below:
Gross Profit
1.5 B
Profit Margin
0.2441
Market Capitalization
38.1 B
Enterprise Value Revenue
15.0801
Revenue
3.3 B
There are over one hundred nineteen available fundamental signals for Extra Space Storage, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to verify Extra Space's prevailing fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 11/29/2024, Market Cap is likely to grow to about 28.5 B. Also, Enterprise Value is likely to grow to about 40.2 B

Extra Space Total Revenue

2.69 Billion

Check Extra Space financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Extra Space's main balance sheet or income statement drivers, such as Depreciation And Amortization of 531.4 M, Interest Expense of 459.7 M or Total Revenue of 2.7 B, as well as many indicators such as Price To Sales Ratio of 6.04, Dividend Yield of 0.0442 or PTB Ratio of 2.15. Extra financial statements analysis is a perfect complement when working with Extra Space Valuation or Volatility modules.
  
Check out the analysis of Extra Space Correlation against competitors.

Extra Space Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets28.8 B27.5 B9.3 B
Slightly volatile
Common Stock Shares Outstanding102 M169.2 M118.8 M
Slightly volatile
Liabilities And Stockholders Equity28.8 B27.5 B9.3 B
Slightly volatile
Other Current Liabilities31 M29.5 M25.8 M
Slightly volatile
Total Stockholder Equity15.1 B14.4 B3.7 B
Slightly volatile
Other Liabilities173.9 M165.6 M113.1 M
Slightly volatile
Accounts Payable351.2 M334.5 M123.3 M
Slightly volatile
Cash65.3 M99.1 M65 M
Slightly volatile
Other Assets25.8 B24.6 B5.4 B
Slightly volatile
Long Term Debt10.9 B10.3 B4.5 B
Slightly volatile
Other Stockholder Equity15.5 B14.8 BB
Slightly volatile
Total Liabilities12.6 B12 B5.2 B
Slightly volatile
Common Stock2.6 M2.1 M4.3 M
Slightly volatile
Property Plant Equipment12.4 B11.8 B6.6 B
Slightly volatile
Short and Long Term Debt Total11.8 B11.3 BB
Slightly volatile
Total Current Liabilities1.1 B1.1 B502.4 M
Slightly volatile
Property Plant And Equipment Net262.1 M275.9 M330.1 M
Pretty Stable
Net Debt11.7 B11.2 B4.8 B
Slightly volatile
Non Current Assets Total27.8 B26.5 B9.1 B
Slightly volatile
Cash And Short Term Investments69.1 M99.1 M65.6 M
Slightly volatile
Net Receivables776.5 M739.5 M202.2 M
Slightly volatile
Common Stock Total Equity981.5 K1.2 M1.5 M
Slightly volatile
Non Current Liabilities Total11.5 B10.9 B4.7 B
Slightly volatile
Property Plant And Equipment Gross262.1 M275.9 M330.1 M
Pretty Stable
Total Current AssetsB955.9 M203.7 M
Slightly volatile
Short Term Debt467 M723.5 M346.9 M
Slightly volatile
Intangible Assets91 M147.6 M93.9 M
Slightly volatile
Net Tangible Assets2.3 B3.5 B2.2 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity808.4 M769.9 M372.1 M
Slightly volatile
Long Term Debt TotalB8.6 B4.3 B
Slightly volatile
Capital Surpluse2.6 B3.8 B2.5 B
Slightly volatile
Long Term Investments1.4 B1.4 B475.3 M
Slightly volatile
Non Current Liabilities Other204.5 M383.5 M187.1 M
Slightly volatile
Short and Long Term Debt1.1 B682 M1.6 B
Slightly volatile
Cash And Equivalents77.9 M106.8 M62.9 M
Slightly volatile
Net Invested Capital26.7 B25.4 B10 B
Slightly volatile
Capital Stock1.6 M2.1 M1.4 M
Slightly volatile
Capital Lease Obligations197.9 M236.5 M260.5 M
Slightly volatile
Current Deferred Revenue602.5 M677.8 M738 M
Slightly volatile

Extra Space Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization531.4 M506.1 M315.5 M
Slightly volatile
Total Revenue2.7 B2.6 B1.2 B
Slightly volatile
Gross ProfitB1.9 B851.9 M
Slightly volatile
Other Operating Expenses1.5 B1.4 B615.4 M
Slightly volatile
Operating Income1.2 B1.2 B560 M
Slightly volatile
EBIT1.4 B1.3 B483.6 M
Slightly volatile
EBITDA1.9 B1.8 B799 M
Slightly volatile
Total Operating Expenses755.2 M719.2 M298.5 M
Slightly volatile
Income Tax Expense22.6 M21.6 M12.1 M
Slightly volatile
Cost Of Revenue704.5 M670.9 M311.1 M
Slightly volatile
Selling General Administrative153.7 M146.4 M83.4 M
Slightly volatile
Net Income Applicable To Common SharesB988.4 M439.9 M
Slightly volatile
Net Income From Continuing Ops431.4 M842.5 M394.8 M
Slightly volatile
Non Operating Income Net Other60 M57.2 M22.3 M
Slightly volatile
Selling And Marketing Expenses23.2 M32.8 M21.8 M
Slightly volatile
Non Recurring23.2 M13.9 M15.1 M
Pretty Stable
Tax Provision15.8 M22.6 M13.4 M
Slightly volatile
Interest Income43.9 M79.9 M52 M
Pretty Stable
Reconciled Depreciation277.6 M389.8 M226.5 M
Slightly volatile

Extra Space Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation531.4 M506.1 M205.1 M
Slightly volatile
End Period Cash Flow68.6 M99.1 M69.4 M
Slightly volatile
Begin Period Cash Flow65.1 M92.9 M67.4 M
Slightly volatile
Dividends Paid1.1 BB429.9 M
Slightly volatile
Stock Based Compensation28 M26.6 M11.9 M
Slightly volatile
Net Borrowings803.8 M1.6 B792.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.0410.59699.929
Slightly volatile
Dividend Yield0.04420.03860.034
Pretty Stable
PTB Ratio2.151.88534.1823
Slightly volatile
Days Sales Outstanding11110572.1482
Slightly volatile
Book Value Per Share95.6491.089832.3663
Slightly volatile
Stock Based Compensation To Revenue0.00830.01040.0097
Very volatile
Capex To Depreciation0.030.03162.0065
Slightly volatile
PB Ratio2.151.88534.1823
Slightly volatile
EV To Sales9.6214.953613.6445
Slightly volatile
ROIC0.0390.04490.0656
Slightly volatile
Payables Turnover2.152.00562.6207
Pretty Stable
Sales General And Administrative To Revenue0.05430.05720.0928
Slightly volatile
Capex To Revenue0.00590.00620.3734
Slightly volatile
Interest Coverage2.32.67263.1537
Slightly volatile
Days Payables Outstanding152182141
Pretty Stable
Income Quality1.181.64911.4903
Slightly volatile
Intangibles To Total Assets0.01840.01160.0172
Slightly volatile
Net Debt To EBITDA5.916.223110.1706
Slightly volatile
Current Ratio0.960.87890.5305
Very volatile
Tangible Book Value Per Share93.6789.208331.3968
Slightly volatile
Receivables Turnover3.293.462214.9783
Slightly volatile
Graham Number10095.302241.705
Slightly volatile
Shareholders Equity Per Share89.385.044226.5712
Slightly volatile
Capex Per Share0.08980.09453.0619
Slightly volatile
Revenue Per Share15.8915.12998.8124
Slightly volatile
Interest Debt Per Share71.0867.691644.8308
Pretty Stable
Debt To Assets0.690.40120.6482
Slightly volatile
Enterprise Value Over EBITDA26.9321.359722.3885
Slightly volatile
Price Book Value Ratio2.151.88534.1823
Slightly volatile
Days Of Payables Outstanding152182141
Pretty Stable
Operating Profit Margin0.290.4570.4276
Slightly volatile
Company Equity Multiplier2.01.90793.47
Slightly volatile
Long Term Debt To Capitalization0.680.4180.6268
Pretty Stable
Total Debt To Capitalization0.690.43360.6416
Pretty Stable
Return On Capital Employed0.04210.04440.063
Slightly volatile
Ebit Per Revenue0.290.4570.4276
Slightly volatile
Net Income Per E B T1.00.92110.9198
Very volatile
Cash Ratio0.08650.09110.3087
Slightly volatile
Days Of Sales Outstanding11110572.1482
Slightly volatile
Price To Book Ratio2.151.88534.1823
Slightly volatile
Fixed Asset Turnover12.679.278321.9182
Slightly volatile
Enterprise Value Multiple26.9321.359722.3885
Slightly volatile
Debt Ratio0.690.40120.6482
Slightly volatile
Price Sales Ratio6.0410.59699.929
Slightly volatile
Asset Turnover0.0960.09320.1318
Pretty Stable
Gross Profit Margin0.580.7380.7168
Pretty Stable
Price Fair Value2.151.88534.1823
Slightly volatile

Extra Space Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap28.5 B27.1 B13 B
Slightly volatile
Enterprise Value40.2 B38.3 B17.8 B
Slightly volatile

Extra Fundamental Market Drivers

Forward Price Earnings33.67
Cash And Short Term Investments99.1 M

Extra Upcoming Events

28th of February 2024
Upcoming Quarterly Report
View
7th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
28th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Extra Space Financial Statements

Extra Space shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Extra Space investors may analyze each financial statement separately, they are all interrelated. The changes in Extra Space's assets and liabilities, for example, are also reflected in the revenues and expenses on on Extra Space's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue677.8 M602.5 M
Total Revenue2.6 B2.7 B
Cost Of Revenue670.9 M704.5 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.06  0.05 
Capex To Revenue 0.01  0.01 
Revenue Per Share 15.13  15.89 
Ebit Per Revenue 0.46  0.29 

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

  0.82FR First Industrial RealtyPairCorr

Moving against Extra Stock

  0.66UE Urban Edge PropertiesPairCorr
  0.6WELL WelltowerPairCorr
  0.39EQIX EquinixPairCorr
The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Extra Stock Analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.