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Companies / Real Estate / Extra Space Storage
EXR

Extra Space Storage

Real EstateREITsS&P 500
Ticker EXRSALT LAKE CITY, UTFiscal year ends DecemberBook value per share $60.17Diluted shares 220.3M

Extra Space Storage Inc. (NYSE: EXR) is a self-managed real estate investment trust focused on owning, operating and managing self-storage properties, which rent storage units to individuals and businesses on a month-to-month basis. The company also acquires, develops and redevelops stores, manages properties for… From the company’s description.

In fiscal 2025, Extra Space Storage reported revenue of $3.38B, up 3.7% from fiscal 2024, and net income of $1.02B. Its operating margin was 41.8%, and operations generated $1.85B in cash. Over the twelve months to Jun 30, 2026, revenue was $3.45B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.38BFY2025
+3.7% year over year
Last 12 mo $3.45B
41.83%FY2025
+1.2 percentage points
Last 12 mo 40.91%
$1.02BFY2025
+13.6% year over year
Last 12 mo $1.00B
7.25%FY2025
+1.1 percentage points
Last 12 mo 7.22%
Cash & financing
$1.85BFY2025
−2.0% year over year
Last 12 mo $1.90B
$1.83BFY2025
−2.0% year over year
Last 12 mo $1.88B
0.98FY2025
Was 0.88× a year earlier
Last 12 mo 1.03
211.9MFY2025
+0.1% year over year
Last 12 mo 220.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Extra Space Storage does

In the company’s own words

Extra Space Storage Inc. (NYSE: EXR) is a self-managed real estate investment trust focused on owning, operating and managing self-storage properties, which rent storage units to individuals and businesses on a month-to-month basis. The company also acquires, develops and redevelops stores, manages properties for third-party owners, provides bridge loans to self-storage operators, invests in preferred stock of other storage companies, and reinsures risks related to tenants’ stored goods. Its two reportable segments are self-storage operations and tenant reinsurance. As of December 31, 2025, Extra Space owned and/or operated 4,281 stores across 43 states and Washington, D.C., with approximately 330.4 million square feet of rentable space; it also managed 1,856 stores for third parties. The company traces its business to Extra Space Storage LLC and its subsidiaries, which operated in self-storage beginning in 1977; Extra Space Storage Inc. was formed in 2004 and completed its initial public offering that year. Its website is www.extraspace.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
SALT LAKE CITY, UT
Fiscal year end
December
CIK
1289490
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-344.61M$689.22M$1.72B$2.76B$3.79B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Extra Space Storage — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

646
funds hold it
0 of 35
superinvestors hold it
$14.41B
held by funds, at market
47.2%
of shares held by funds

Largest fund holders · Extra Space Storage’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.30%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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