EXR Q1 2023 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q1 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$513M+13.4% YoY

Gross Profit

$387M75.4% margin

Operating Income

$264M51.3% margin

Net Income

$196M38.2% margin

EPS (Diluted)

$1.46

QoQ Revenue Growth

-0.8%

Cash Flow

Operating Cash Flow

$282M

Free Cash Flow

$278M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$12.1B

Total Liabilities

$8.1B

Stockholders' Equity

$3.3B

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$513M	$453M	+13.4%
Gross Profit	$387M	$342M	+13.2%
Operating Income	$264M	$235M	+12.0%
Net Income	$196M	$203M	-3.4%

Revenue Segments

Self Storage Operations

$434M90%

Tenant Reinsurance

$48M10%