EXR Q2 2022 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q2 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$485M+25.4% YoY

Gross Profit

$372M76.7% margin

Operating Income

$276M56.8% margin

Net Income

$232M47.8% margin

EPS (Diluted)

$1.62

QoQ Revenue Growth

+7.2%

Cash Flow

Operating Cash Flow

$353M

Free Cash Flow

$351M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$11.0B

Total Liabilities

$7.1B

Stockholders' Equity

$3.2B

Cash & Equivalents

$59M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$485M	$387M	+25.4%
Gross Profit	$372M	$291M	+27.8%
Operating Income	$276M	$197M	+40.1%
Net Income	$232M	$168M	+38.2%

Revenue Segments

Self Storage Operations

$408M90%

Tenant Reinsurance

$46M10%