EXR Q1 2022 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q1 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$453M+23.7% YoY

Gross Profit

$342M75.6% margin

Operating Income

$235M52.0% margin

Net Income

$203M44.9% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$287M

Free Cash Flow

$279M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$6.7B

Stockholders' Equity

$3.2B

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$453M	$366M	+23.7%
Gross Profit	$342M	$266M	+28.5%
Operating Income	$235M	$241M	-2.4%
Net Income	$203M	$203M	+0.3%

Revenue Segments

Self Storage Operations

$380M90%

Tenant Reinsurance

$44M10%