EXR Q3 2023 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q3 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$763M+49.6% YoY

Gross Profit

$559M73.2% margin

Operating Income

$300M39.3% margin

Net Income

$188M24.7% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+45.4%

Cash Flow

Operating Cash Flow

$408M

Free Cash Flow

$405M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$12.1B

Stockholders' Equity

$14.5B

Cash & Equivalents

$216M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$763M	$510M	+49.6%
Gross Profit	$559M	$385M	+45.2%
Operating Income	$300M	$270M	+11.1%
Net Income	$188M	$220M	-14.5%

Revenue Segments

Self Storage Operations

$651M90%

Tenant Reinsurance

$69M10%