EXTRA SPACE STORAGE INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 10,656 | 44.2 |
| Stockholders' equity | 13,433 | 55.8 |
| Total capitalization | 24,090 | 100.0 |
211,269,558 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 31 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Common shares authorized | 500,000,000 |
| Common shares issued | 211,155,322 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/24/26 | 211,269,558 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 6.48 | 141.2 |
| 2024 | 6.48 | 160.8 |
| 2023 | 6.48 | 136.7 |
| 2022 | 6.00 | 93.6 |
| 2021 | 4.50 | 72.7 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Maryland.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 2795 Cottonwood Parkway, Suite 400, Salt Lake City, UT 84121. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 129 | 121 | 102 |
| Depreciation and amortization | 715 | 783 | 506 |
| Operating income | 1,413 | 1,323 | 1,170 |
| Interest expense | – | – | 419 |
| Net income | 974 | 855 | 803 |
| Earned per share, diluted ($) | 4.59 | 4.03 | 4.74 |
| Dividends per share ($) | 6.48 | 6.48 | 6.48 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Real estate, net | 25,004 | 24,588 |
| Cash and equivalents | 139 | 138 |
| Total assets | 29,264 | 28,848 |
| Debt | 1,495 | 2,193 |
| Total liabilities | 14,940 | 13,989 |
| Stockholders' equity | 13,433 | 13,948 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 3,378 | 1,413 | 974 | 28.8 | 4.59 | 6.48 | 1,850 | 562 | 1,288 | 29,264 | 14,940 | 10,656 | 13,433 | 7.3 | 0.79 |
| 12/31/24 | 3,257 | 1,323 | 855 | 26.2 | 4.03 | 6.48 | 1,887 | 479 | 1,408 | 28,848 | 13,989 | 9,619 | 13,948 | 6.1 | 0.69 |
| 12/31/23 | 2,560 | 1,170 | 803 | 31.4 | 4.74 | 6.48 | 1,402 | 136 | 1,267 | 27,456 | 12,042 | 7,093 | 14,391 | 5.6 | 0.49 |
| 12/31/22 | 1,924 | 1,050 | 861 | 44.7 | 6.41 | 6.00 | 1,238 | 1,193 | 45 | 12,167 | 8,089 | 3,703 | 3,260 | 26.4 | 1.14 |
| 12/31/21 | 1,577 | 976 | 828 | 52.5 | 6.19 | 4.50 | 952 | – | – | 10,474 | 6,689 | 2,895 | 3,116 | 26.6 | 0.93 |
| 12/31/20 | 1,356 | 666 | 482 | 35.5 | 3.71 | 3.60 | 771 | – | – | 9,396 | 6,460 | 2,268 | 2,548 | 18.9 | 0.89 |
| 12/31/19 | 1,308 | 635 | 420 | 32.1 | 3.24 | 3.56 | 708 | – | – | 8,532 | 5,611 | 4,477 | 2,540 | 16.5 | 1.76 |
| 12/31/18 | 1,197 | 620 | 415 | 34.7 | 3.27 | 3.36 | 678 | – | – | 7,848 | 5,063 | 4,218 | 2,414 | 17.2 | 1.75 |
| 12/31/17 | 1,105 | 654 | 479 | 43.3 | 3.76 | 3.12 | 597 | – | – | 7,461 | 4,737 | 3,832 | 2,351 | 20.4 | 1.63 |
| 12/31/16 | 992 | 458 | 366 | 36.9 | 2.91 | 2.93 | 539 | – | – | 7,091 | 4,495 | 3,579 | 2,245 | 16.3 | 1.59 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Extra Space Storage Inc.
CIK 1289490 · EIN 20-1076777
PRINCIPAL OFFICE:
2795 Cottonwood Parkway, Suite 400, Salt Lake City, UT 84121
Tel.: 801-562-5556
INCORPORATED:
Maryland
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 20 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/20/26) · 10-K FY2024 (filed 2/28/25) · 10-K FY2023 (filed 2/29/24) · 10-K FY2022 (filed 2/28/23) · 10-K FY2021 (filed 2/28/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 2/25/20) · 10-K FY2018 (filed 2/26/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.