Extra Historical Income Statement

EXR Stock

USD 170.96 1.72 1.00%

Historical analysis of Extra Space income statement accounts such as Total Revenue of 2.7 B or Gross Profit of 2 B can show how well Extra Space Storage performed in making a profits. Evaluating Extra Space income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Extra Space's future profits or losses.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Extra Space Storage latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Extra Space Storage is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

About Extra Income Statement Analysis

Extra Space Storage Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Extra Space shareholders. The income statement also shows Extra investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Extra Space Income Statement Chart

At this time, Extra Space's EBITDA is relatively stable compared to the past year. As of 12/01/2024, Total Operating Expenses is likely to grow to about 755.2 M, though Total Other Income Expense Net is likely to grow to (283.2 M).

Gross Profit Other Operating Expenses Operating Income

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Extra Space Storage minus its cost of goods sold. It is profit before Extra Space operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Extra Space Storage. It is also known as Extra Space overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Extra Space Storage operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Extra Space Storage is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Extra Space's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.5B	1.9B	2.0B
Total Revenue	1.6B	1.9B	2.6B	2.7B

Gross Profit Total Revenue

Extra Space income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Cost Of Revenue	Minority Interest	Selling General Administrative	Income Before Tax	Total Other Income Expense Net	Research Development	Net Income From Continuing Ops	Non Operating Income Net Other	Selling And Marketing Expenses	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.57	0.75	0.75	0.67	0.83	0.3	0.74	0.64	0.87	0.79	0.73	-0.76	0.77	0.87	-0.58	-0.37	0.87	0.75	0.26	-0.02	0.71	0.04	-0.32	0.63
Interest Expense	0.57		0.96	0.96	0.99	0.9	0.94	0.96	0.99	0.82	0.74	0.97	-0.69	0.93	0.82	-0.79	-0.38	0.64	0.84	0.48	0.1	0.54	-0.11	-0.93	0.84
Total Revenue	0.75	0.96		1.0	0.99	0.98	0.86	1.0	0.98	0.94	0.84	1.0	-0.77	0.98	0.94	-0.77	-0.48	0.8	0.9	0.5	0.11	0.63	-0.1	-0.82	0.84
Gross Profit	0.75	0.96	1.0		0.99	0.98	0.85	1.0	0.98	0.94	0.85	1.0	-0.78	0.98	0.94	-0.77	-0.47	0.81	0.91	0.48	0.11	0.64	-0.09	-0.81	0.85
Other Operating Expenses	0.67	0.99	0.99	0.99		0.95	0.9	0.99	1.0	0.89	0.81	0.99	-0.74	0.97	0.89	-0.8	-0.44	0.72	0.88	0.5	0.12	0.6	-0.09	-0.88	0.85
Operating Income	0.83	0.9	0.98	0.98	0.95		0.77	0.98	0.93	0.98	0.86	0.97	-0.81	0.97	0.98	-0.72	-0.48	0.88	0.92	0.44	0.05	0.67	-0.11	-0.72	0.81
Ebit	0.3	0.94	0.86	0.85	0.9	0.77		0.86	0.92	0.68	0.62	0.86	-0.53	0.82	0.68	-0.65	-0.41	0.48	0.72	0.51	0.17	0.37	-0.17	-0.92	0.72
Ebitda	0.74	0.96	1.0	1.0	0.99	0.98	0.86		0.98	0.94	0.85	1.0	-0.77	0.98	0.94	-0.76	-0.49	0.8	0.9	0.5	0.11	0.64	-0.1	-0.81	0.84
Total Operating Expenses	0.64	0.99	0.98	0.98	1.0	0.93	0.92	0.98		0.87	0.8	0.99	-0.73	0.96	0.87	-0.79	-0.42	0.69	0.88	0.49	0.12	0.6	-0.07	-0.89	0.85
Net Income	0.87	0.82	0.94	0.94	0.89	0.98	0.68	0.94	0.87		0.85	0.92	-0.83	0.93	1.0	-0.62	-0.5	0.93	0.91	0.41	0.02	0.67	-0.1	-0.6	0.76
Income Tax Expense	0.79	0.74	0.84	0.85	0.81	0.86	0.62	0.85	0.8	0.85		0.83	-0.81	0.82	0.85	-0.71	-0.49	0.75	0.86	0.38	0.16	0.85	0.09	-0.55	0.75
Cost Of Revenue	0.73	0.97	1.0	1.0	0.99	0.97	0.86	1.0	0.99	0.92	0.83		-0.74	0.98	0.92	-0.79	-0.47	0.78	0.88	0.51	0.12	0.61	-0.13	-0.84	0.84
Minority Interest	-0.76	-0.69	-0.77	-0.78	-0.74	-0.81	-0.53	-0.77	-0.73	-0.83	-0.81	-0.74		-0.74	-0.82	0.67	0.16	-0.76	-0.96	-0.04	0.01	-0.83	-0.41	0.52	-0.82
Selling General Administrative	0.77	0.93	0.98	0.98	0.97	0.97	0.82	0.98	0.96	0.93	0.82	0.98	-0.74		0.94	-0.73	-0.5	0.8	0.87	0.53	0.13	0.64	-0.08	-0.75	0.81
Income Before Tax	0.87	0.82	0.94	0.94	0.89	0.98	0.68	0.94	0.87	1.0	0.85	0.92	-0.82	0.94		-0.62	-0.51	0.93	0.9	0.43	0.03	0.67	-0.1	-0.6	0.76
Total Other Income Expense Net	-0.58	-0.79	-0.77	-0.77	-0.8	-0.72	-0.65	-0.76	-0.79	-0.62	-0.71	-0.79	0.67	-0.73	-0.62		0.16	-0.49	-0.72	-0.24	-0.17	-0.66	-0.17	0.78	-0.8
Research Development	-0.37	-0.38	-0.48	-0.47	-0.44	-0.48	-0.41	-0.49	-0.42	-0.5	-0.49	-0.47	0.16	-0.5	-0.51	0.16		-0.46	-0.31	-0.89	-0.24	-0.17	0.27	0.23	-0.24
Net Income From Continuing Ops	0.87	0.64	0.8	0.81	0.72	0.88	0.48	0.8	0.69	0.93	0.75	0.78	-0.76	0.8	0.93	-0.49	-0.46		0.79	0.39	-0.03	0.67	-0.06	-0.42	0.74
Non Operating Income Net Other	0.75	0.84	0.9	0.91	0.88	0.92	0.72	0.9	0.88	0.91	0.86	0.88	-0.96	0.87	0.9	-0.72	-0.31	0.79		0.23	0.07	0.78	0.2	-0.67	0.85
Selling And Marketing Expenses	0.26	0.48	0.5	0.48	0.5	0.44	0.51	0.5	0.49	0.41	0.38	0.51	-0.04	0.53	0.43	-0.24	-0.89	0.39	0.23		0.24	0.14	-0.31	-0.4	0.33
Non Recurring	-0.02	0.1	0.11	0.11	0.12	0.05	0.17	0.11	0.12	0.02	0.16	0.12	0.01	0.13	0.03	-0.17	-0.24	-0.03	0.07	0.24		-0.02	0.09	-0.04	-0.01
Tax Provision	0.71	0.54	0.63	0.64	0.6	0.67	0.37	0.64	0.6	0.67	0.85	0.61	-0.83	0.64	0.67	-0.66	-0.17	0.67	0.78	0.14	-0.02		0.39	-0.37	0.77
Interest Income	0.04	-0.11	-0.1	-0.09	-0.09	-0.11	-0.17	-0.1	-0.07	-0.1	0.09	-0.13	-0.41	-0.08	-0.1	-0.17	0.27	-0.06	0.2	-0.31	0.09	0.39		0.09	0.26
Net Interest Income	-0.32	-0.93	-0.82	-0.81	-0.88	-0.72	-0.92	-0.81	-0.89	-0.6	-0.55	-0.84	0.52	-0.75	-0.6	0.78	0.23	-0.42	-0.67	-0.4	-0.04	-0.37	0.09		-0.8
Reconciled Depreciation	0.63	0.84	0.84	0.85	0.85	0.81	0.72	0.84	0.85	0.76	0.75	0.84	-0.82	0.81	0.76	-0.8	-0.24	0.74	0.85	0.33	-0.01	0.77	0.26	-0.8

Click cells to compare fundamentals

Extra Space Account Relationship Matchups

Extra Space income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	237.4M	734.6M	771.7M	886.5M	506.1M	531.4M
Interest Expense	191.3M	172.3M	166.2M	219.2M	437.8M	459.7M
Total Revenue	1.3B	1.4B	1.6B	1.9B	2.6B	2.7B
Gross Profit	943.0M	969.1M	1.2B	1.5B	1.9B	2.0B
Other Operating Expenses	674.7M	708.1M	742.2M	886.5M	1.4B	1.5B
Operating Income	635.0M	666.1M	976.0M	1.1B	1.2B	1.2B
Ebit	635.0M	160.2M	337.8M	439.5M	1.3B	1.4B
Ebitda	872.4M	894.9M	1.1B	1.3B	1.8B	1.9B
Total Operating Expenses	309.3M	321.0M	344.1M	417.6M	719.2M	755.2M
Net Income	420.0M	481.8M	827.6M	860.7M	803.2M	843.4M
Income Tax Expense	11.3M	13.8M	20.3M	20.9M	21.6M	22.6M
Cost Of Revenue	365.4M	387.1M	398.1M	468.9M	670.9M	704.5M
Minority Interest	12.5M	12.9M	(50.1M)	(60.5M)	(51.2M)	(48.6M)
Selling General Administrative	89.4M	96.6M	102.2M	129.3M	146.4M	153.7M
Income Before Tax	462.4M	531.4M	898.1M	942.1M	872.0M	915.6M
Total Other Income Expense Net	(172.5M)	(134.7M)	(77.9M)	(108.3M)	(298.1M)	(283.2M)
Net Income Applicable To Common Shares	420.0M	481.8M	827.6M	859.5M	988.4M	1.0B
Net Income From Continuing Ops	439.8M	495.2M	877.8M	921.2M	842.5M	431.4M
Non Operating Income Net Other	15.1M	14.0M	11.5M	49.7M	57.2M	60.0M
Tax Provision	11.3M	13.8M	20.3M	20.9M	22.6M	15.8M
Interest Income	7.5M	15.2M	49.7M	108.3M	79.9M	43.9M
Net Interest Income	(183.8M)	(157.1M)	(116.5M)	(149.7M)	(290.7M)	(276.1M)
Reconciled Depreciation	219.9M	224.4M	241.9M	288.3M	389.8M	277.6M

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

0.82

First Industrial Realty

Pair Corr

Moving against Extra Stock

0.65	UE	Urban Edge Properties	Pair Corr
0.58	WELL	Welltower	Pair Corr
0.35	EQIX	Equinix	Pair Corr

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 Correlation Correlation 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.

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Extra Historical Income Statement

About Extra Income Statement Analysis

Extra Space Income Statement Chart

Gross Profit

Other Operating Expenses

Operating Income

Extra Space income statement Correlations

Extra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Extra Space income statement Accounts

Pair Trading with Extra Space

Moving together with Extra Stock

Moving against Extra Stock

Additional Tools for Extra Stock Analysis

COMMON DESTINATIONS

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COMPANY

Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Ebitda	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Gross Profit
Total Operating Expenses	+ 1.0	Other Operating Expenses

Non Operating Income Net Other	- 0.96	Minority Interest
Net Interest Income	- 0.93	Interest Expense
Net Interest Income	- 0.92	Ebit
Selling And Marketing Expenses	- 0.89	Research Development
Net Interest Income	- 0.89	Total Operating Expenses
Net Interest Income	- 0.88	Other Operating Expenses