Real Estate · Self-Storage REITs
Extra Space Storage: revenue, profit and dividends
In fiscal 2025, Extra Space Storage had revenue of $3.38B, up 15.8% a year on average since 2015, and net income of $974M (28.8% of revenue). It paid a dividend of $6.48 a share. It has 67% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +3.7% vs 2024
- Ticker
- EXR · NYSE
- Sector
- Real Estate
- Sub-industry
- Self-Storage REITs
- Headquarters
- Salt Lake City, Utah
- Founded
- 1977
- In the S&P 500 since
- January 19, 2016
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Extra Space Storage Inc. · CIK 0001289490
Revenue and net income
Revenue went from $273M in 2008 to $3.38B in 2025.
Diluted earnings per share
Diluted EPS went from $0.46 in 2008 to $4.59 in 2025. Ten-year growth: 11.4% a year.
Dividends per share
Not raised in 2025. Ten-year growth: 11.2% a year.
Shares outstanding
66.9% more shares in 2025 than in 2015 (127M → 212M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $1.29B in 2025, 38.1% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $3.38B | $974M | 28.8% | $4.59 | $6.48 | 212M | $1.85B | $562M | $1.29B |
| 2024 | $3.26B | $855M | 26.2% | $4.03 | $6.48 | 212M | $1.89B | $479M | $1.41B |
| 2023 | $2.56B | $803M | 31.4% | $4.74 | $6.48 | 169M | $1.4B | $136M | $1.27B |
| 2022 | $1.92B | $861M | 44.7% | $6.41 | $6.00 | 142M | $1.24B | $1.19B | $44.9M |
| 2021 | $1.58B | $828M | 52.5% | $6.19 | $4.50 | 140M | — | — | — |
| 2020 | $1.36B | $482M | 35.5% | $3.71 | $3.60 | 130M | — | — | — |
| 2019 | $1.31B | $420M | 32.1% | $3.24 | $3.56 | 136M | — | — | — |
| 2018 | $1.2B | $415M | 34.7% | $3.27 | $3.36 | 133M | — | — | — |
| 2017 | $1.11B | $479M | 43.3% | $3.76 | $3.12 | 134M | — | — | — |
| 2016 | $992M | $366M | 36.9% | $2.91 | $2.93 | 126M | — | — | — |
| 2015 | $782M | $189M | 24.2% | $1.56 | $2.24 | 127M | — | — | — |
| 2014 | $647M | $178M | 27.6% | $1.53 | $1.81 | 121M | — | — | — |
| 2013 | $521M | $172M | 33.1% | $1.53 | $1.45 | 113M | — | — | — |
| 2012 | $409M | $117M | 28.7% | $1.14 | $0.85 | 104M | — | — | — |
| 2011 | $330M | $50.4M | 15.3% | $0.54 | $0.56 | 93.6M | — | — | — |
| 2010 | $281M | $26.3M | 9.4% | $0.30 | $0.40 | 92.1M | — | — | — |
| 2009 | $280M | $32M | 11.4% | $0.37 | $0.38 | 91.1M | — | — | — |
| 2008 | $273M | $35.8M | 13.1% | $0.46 | $1.00 | 82.4M | — | — | — |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- REITs are usually judged by funds from operations (FFO), which is not in the filings data; their net income is after depreciation of the properties.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Self-Storage REITs companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.