← Extra Space Storage Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $991.9m | $1.1b | $41.8m | $49.9m | $52.1m | $66.3m | $83.9m | $102.0m | $120.9m | $129.5m | |
| Cost of Goods and Services Sold | $250.0m | $272.0m | $10.4m | $12.4m | $13.0m | $16.5m | $20.9m | $25.4m | $30.1m | $32.3m | |
| Gross Profit (Calculated) (derived) | $741.9m | $833.0m | ($249.9m) | ($286.2m) | ($308.5m) | ($302.3m) | ($351.4m) | ($510.1m) | ($710.7m) | ($788.7m) | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $449.8m | $541.6m | $619.7m | $635.0m | $666.1m | $976.0m | $1.1b | $1.2b | $1.3b | $1.4b | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | $12.9m | $15.3m | $14.5m | $11.3m | — | — | — | $54.8m | $67.3m | $68.8m | |
| Amortization of Intangible Assets | $21.1m | $14.3m | $9.1m | $6.6m | $2.3m | $4.8m | $14.0m | $59.8m | $114.6m | $21.2m | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $14.2m | — | ($33.7m) | — | |
| Lease Income | — | — | — | $1.1b | $1.2b | $1.3b | $1.7b | $2.2b | $2.8b | $2.9b | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $792k | $975k | $723k | $680k | $706k | $1.2m | $1.2m | $1.2m | $1.5m | $1.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $859.5m | $900.7m | — | — | — | |
| Net Income (Loss) Attributable to Parent | $366.1m | $479.0m | $415.3m | $420.0m | $481.8m | $827.6m | $860.7m | $803.2m | $854.7m | $974.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $365.3m | $478.0m | $414.6m | $419.3m | $481.1m | $826.5m | $859.5m | $802.0m | $853.2m | $972.3m | |
| Earnings Per Share, Basic | $2.92 | $3.79 | $3.29 | $3.27 | $3.71 | $6.20 | $6.41 | $4.74 | $4.03 | $4.59 | |
| Earnings Per Share, Diluted | $2.91 | $3.76 | $3.27 | $3.24 | $3.71 | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 | |
| Weighted Average Number of Shares Outstanding, Basic | 125.1m | 126.0m | 126.1m | 128.2m | 129.5m | 133.4m | 134.1m | 169.2m | 211.6m | 211.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 125.9m | 134.2m | 133.2m | 136.4m | 129.6m | 140.0m | 141.7m | 169.2m | 211.6m | 211.9m | |
| General and Administrative Expense | $81.8m | $79.0m | $81.3m | $89.4m | $96.6m | $102.2m | $129.3m | $146.4m | $167.4m | $186.3m | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | $1.5m | $0 | $0 | — | |
| Current Income Tax Expense (Benefit) | $17.0m | $7.3m | $11.6m | $13.1m | $18.9m | $24.5m | $25.1m | $32.6m | $44.3m | $47.2m | |
| Interest Expense | $133.5m | $153.5m | $178.4m | $186.5m | $168.6m | $166.2m | $219.2m | $419.0m | $551.4m | $587.6m | |
| Interest Expense, Debt | $24.5m | $24.4m | $22.8m | $22.7m | $17.2m | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $15.8m | $3.6m | $9.2m | $11.3m | $13.8m | $20.3m | $20.9m | $21.6m | $33.5m | $41.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.