EXR Q2 2023 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q2 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$525M+8.1% YoY

Gross Profit

$401M76.3% margin

Operating Income

$273M52.1% margin

Net Income

$202M38.6% margin

EPS (Diluted)

$1.50

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$348M

Free Cash Flow

$346M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$8.3B

Stockholders' Equity

$3.3B

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$525M	$485M	+8.1%
Gross Profit	$401M	$372M	+7.7%
Operating Income	$273M	$276M	-0.8%
Net Income	$202M	$232M	-12.7%

Revenue Segments

Self Storage Operations

$441M90%

Tenant Reinsurance

$48M10%