Extra Space Storage Inc.
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Financial Performance
Revenue
$3.38B
Market Cap
$33.4B
Net Income
$972M
Employees
7,500
Extra Space Storage is consolidating a fragmented, lucrative real estate sector through aggressive scale. Under CEO Joseph D. Margolis, the self-storage REIT generated exactly $3.2 billion in revenue and maintains a $33.4 billion market cap with exactly 7500 employees. The financial narrative in 2026 is defined by the successful integration of its Life Storage acquisition; possessing unprecedented pricing power, Extra Space utilizes sophisticated, AI-driven dynamic pricing algorithms to continually push aggressive rent increases onto existing, 'sticky' tenants, generating resilient free cash flow regardless of broader macroeconomic conditions.
Revenue Trend Analysis
YoY Change
+3.7%
3-Year CAGR
+20.6%
Peak Year
2025
Trend
Consistent Growth
Extra Space Storage Inc. has reported revenue across 4 fiscal years, compounding at +20.6% annually over 3 years. The most recent year saw a 3.7% increase versus the prior year. Revenue peaked in 2025 at $3.4B. Out of 3 reported periods, 3 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $3.4B | $972M | +3.7% |
| FY2024 | $3.3B | — | +27.2% |
| FY2023 | $2.6B | — | +33.1% |
| FY2022 | $1.9B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Extra Space Storage Inc. reported approximately $3.2B in fiscal year 2025 with a team of 7,500 employees worldwide.
Extra Space Storage Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Self-Storage Real Estate Investment Trust (REIT) is driven by steady cash generation and pricing power, enabling Extra Space Storage Inc. to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Extra Space Storage Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/extra-space-storage/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Extra Space Storage Inc. reported $3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/extra-space-storage/financials" target="_blank" rel="noopener">CorpDigest — Extra Space Storage Inc. financials</a></div>