EXR Q3 2022 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q3 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$510M+21.2% YoY

Gross Profit

$385M75.4% margin

Operating Income

$270M52.9% margin

Net Income

$220M43.2% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$308M

Free Cash Flow

$298M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$7.8B

Stockholders' Equity

$3.3B

Cash & Equivalents

$87M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$510M	$421M	+21.2%
Gross Profit	$385M	$320M	+20.1%
Operating Income	$270M	$226M	+19.3%
Net Income	$220M	$188M	+17.2%

Revenue Segments

Self Storage Operations

$429M90%

Tenant Reinsurance

$48M10%