EXR Q1 2024 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q1 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$815M+58.7% YoY

Gross Profit

$608M74.7% margin

Operating Income

$336M41.2% margin

Net Income

$213M26.2% margin

EPS (Diluted)

$1.01

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$466M

Free Cash Flow

$459M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$27.5B

Total Liabilities

$12.2B

Stockholders' Equity

$14.3B

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$815M	$513M	+58.7%
Gross Profit	$608M	$387M	+57.1%
Operating Income	$336M	$264M	+27.4%
Net Income	$213M	$196M	+8.6%

Revenue Segments

Self Storage Operations

$688M89%

Tenant Reinsurance

$81M11%