Extra Space StorageEXREarnings & Financial Report
Extra Space Storage Inc. is an American real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage facilities. The company rents storage units, including climate controlled units, drive-up units, lockers, boat storage, RV storage and business storage under the brands Extra Space Storage, Life Storage, and Storage Express. As of March 28, 2024 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.
EXR Q1 FY2026 Key Financial Metrics
Revenue
$856.0M
Gross Profit
N/A
Operating Profit
$367.6M
Net Profit
$241.0M
Gross Margin
N/A
Operating Margin
42.9%
Net Margin
28.2%
YoY Growth
4.4%
EPS
$1.14
Extra Space Storage Q1 FY2026 Financial Summary
Extra Space Storage reported revenue of $856.0M (up 4.4% YoY) for Q1 FY2026, with a net profit of $241.0M (down 11.4% YoY) (28.2% margin).
Key Financial Metrics
| Total Revenue | $856.0M |
|---|---|
| Net Profit | $241.0M |
| Gross Margin | N/A |
| Operating Margin | 42.9% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Extra Space Storage Q1 FY2026 revenue of $856.0M breaks down across 3 segments, led by Property rental at $733.2M (85.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Property rental | $733.2M | 85.7% |
| Tenant reinsurance | $89.1M | 10.4% |
| Management fees and other income | $33.7M | 3.9% |
Extra Space Storage Annual Revenue by Year
Extra Space Storage annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.4B).
Extra Space Storage Quarterly Revenue & Net Profit History
Extra Space Storage results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $856.0M | +4.4% | $241.0M | 28.2% |
| Q4 FY2025 | $857.5M | +4.3% | $287.4M | 33.5% |
| Q3 FY2025 | $858.5M | +4.1% | $166.0M | 19.3% |
| Q2 FY2025 | $841.6M | +3.8% | $249.7M | 29.7% |
| Q1 FY2025 | $820.0M | +2.6% | $270.9M | 33.0% |
| Q4 FY2024 | $821.9M | +3.0% | $262.5M | 31.9% |
| Q3 FY2024 | $824.8M | +10.3% | $193.2M | 23.4% |
| Q2 FY2024 | $810.7M | +58.5% | $185.9M | 22.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $810.7M | $824.8M | $821.9M | $820.0M | $841.6M | $858.5M | $857.5M | $856.0M |
| YoY Growth | 58.5% | 10.3% | 3.0% | 2.6% | 3.8% | 4.1% | 4.3% | 4.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $27.76B | $28.06B | $28.85B | $28.99B | $29.37B | $29.23B | $29.26B | $29.10B |
| Liabilities | $12.63B | $13.10B | $13.99B | $14.22B | $14.69B | $14.74B | $14.94B | $14.89B |
| Equity | $14.17B | $14.01B | $13.95B | $13.89B | $13.79B | $13.62B | $13.43B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $545.2M | $468.4M | $1.89B | $481.4M | $543.9M | $457.1M | $1.85B |