EXR Q2 2024 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q2 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$828M+57.8% YoY

Gross Profit

$611M73.8% margin

Operating Income

$305M36.8% margin

Net Income

$186M22.5% margin

EPS (Diluted)

$0.88

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$545M

Free Cash Flow

$542M

Stock-Based Comp.

$280,000

Balance Sheet

Total Assets

$27.8B

Total Liabilities

$12.6B

Stockholders' Equity

$14.2B

Cash & Equivalents

$77M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$828M	$525M	+57.8%
Gross Profit	$611M	$401M	+52.6%
Operating Income	$305M	$273M	+11.5%
Net Income	$186M	$202M	-8.2%

Revenue Segments

Self Storage Operations

$697M89%

Tenant Reinsurance

$84M11%