Extra Space Storage Inc.
Financial Performance
Extra Space Storage Revenue & Financials
Revenue
$3.4B (FY2025)
Market Cap
$29.4B
Employees
8,393
What is Extra Space Storage's revenue?
Extra Space Storage had $3.4B in revenue for fiscal year 2025, up 3.7% from 2024.
- Latest revenue
- $3.4B (FY2025)
- Year-over-year
- +3.7%
- Growth rate (CAGR)
- 14.6% over 9 years
- Peak revenue
- $3.4B (FY2025)
- Years of data
- 10
- Employees
- 8,393
- What is Extra Space Storage's operating income?
- Extra Space Storage reported operating income of $1.4B for fiscal year 2025. sec.gov
- How many employees does Extra Space Storage have?
- Extra Space Storage has about 8,393 employees.
Financial Analysis
Revenue grew from $1.92 billion in 2022 to $3.38 billion in 2025, mostly because of the Life Storage merger, then flattened as same-store rents softened during the 2024-2025 supply wave. FY2025 net income attributable to common stockholders was $972.3 million. Performance improved in 2026: Q2 revenue was $874.2 million versus $841.6 million a year earlier, same-store NOI rose 3.5%, ending same-store occupancy was 94.2%, and management raised full-year Core FFO guidance to $8.25-$8.40 per share. The quarterly dividend was $1.62 per share. Extra Space Storage is a massive real estate investment trust (REIT), operating as the largest self-storage operator in the US with a market valuation often exceeding $30 billion.
Revenue Trend Analysis
YoY Change
+3.7%
9-Year CAGR
+14.6%
Peak Year
2025
Trend
Consistent Growth
Extra Space Storage Inc. has 10 full fiscal year figures on this page, compounding at +14.6% annually over 9 years. The most recent year saw a 3.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $3.4B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $3.4B | $1.4Bfiling | — | +3.7% | sec.gov Fiscal 2025 revenue. |
| FY2024 | $3.3B | $1.3Bfiling | — | +27.2% | data.sec.gov Fiscal 2024 revenue. |
| FY2023 | $2.6B | $1.2Bfiling | — | +33.1% | data.sec.gov Fiscal 2023 revenue; includes Life Storage from July 2023. |
| FY2022 | $1.9B | $1.1Bfiling | — | +22.0% | data.sec.gov Fiscal 2022 revenue. |
| FY2021 | $1.6B | $976M | $827.6M | +16.3% | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-29) Fiscal year ended 2021-12-31. |
| FY2020 | $1.4B | $666.1M | $481.8M | +3.6% | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-28) Fiscal year ended 2020-12-31. |
| FY2019 | $1.3B | $635M | $420M | +9.3% | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-28) Fiscal year ended 2019-12-31. |
| FY2018 | $1.2B | $619.7M | $415.3M | +8.3% | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-02-26) Fiscal year ended 2018-12-31. |
| FY2017 | $1.1B | $654.4M | $479M | +11.4% | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-02-25) Fiscal year ended 2017-12-31. |
| FY2016 | $991.9M | $458.3M | $366.1M | — | Extra Space Storage Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-02-26) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Extra Space Storage Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.9B | $29.3B | $14.9B | $13.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.9B | $28.8B | $14B | $13.9B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.4B | $27.5B | $12B | $14.4B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.2B | $12.2B | $8.1B | $3.3B | Form 10-K |
| FY2021ended Dec 31, 2021 | $952.4M | $10.5B | $6.7B | $3.1B | Form 10-K |
| FY2020ended Dec 31, 2020 | $771.2M | $9.4B | $6.5B | $2.5B | Form 10-K |
| FY2019ended Dec 31, 2019 | $707.7M | $8.5B | $5.6B | $2.5B | Form 10-K |
| FY2018ended Dec 31, 2018 | $677.8M | $7.8B | $5.1B | $2.4B | Form 10-K |
| FY2017ended Dec 31, 2017 | $597.4M | $7.5B | $4.7B | $2.4B | Form 10-K |
| FY2016ended Dec 31, 2016 | $539.3M | $7.1B | $4.5B | $2.2B | Form 10-K |
Related Companies
Compare Extra Space Storage Inc. Revenue With Competitors
Keep researching Extra Space Storage
Extra Space Storage Revenue and Financial FAQ
What is Extra Space Storage's annual revenue?
Extra Space reported revenue of $3.378 billion for FY2025, up from $3.257 billion in FY2024 and $2.560 billion in FY2023.
How did Extra Space perform in Q2 2026?
Q2 2026 revenue was $874.2 million, Core FFO was $2.15 per diluted share (up 4.9%), same-store NOI rose 3.5% and ending same-store occupancy was 94.2%.
What is Extra Space Storage's 2026 guidance?
After Q2 2026, Extra Space raised its full-year Core FFO guidance to $8.25-$8.40 per share.
What dividend does Extra Space Storage pay?
Extra Space paid a quarterly dividend of $1.62 per share in Q2 2026.
What metrics matter most for Extra Space as a REIT?
Investors focus on Core FFO per share, same-store revenue and NOI growth, same-store occupancy and the number of stores added to the third-party management platform.
Is self-storage recession proof?
Largely, yes. Wall Street loves Extra Space Storage because the business is heavily insulated from recessions. Whether the economy is booming (people buying too much stuff) or crashing (people downsizing their homes), the demand for self-storage remains incredibly high and stable.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Extra Space Storage 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 reported $3.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/extra-space-storage/financials" target="_blank" rel="noopener">CorpDigest — Extra Space Storage financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Extra Space Storage
Core profile pages, founders and related research hubs for this company.