EXR Q3 2024 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q3 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$855M+12.0% YoY

Gross Profit

$628M73.5% margin

Operating Income

$303M35.4% margin

Net Income

$193M22.6% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$468M

Free Cash Flow

$462M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$28.1B

Total Liabilities

$13.1B

Stockholders' Equity

$14.0B

Cash & Equivalents

$89M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$855M	$763M	+12.0%
Gross Profit	$628M	$559M	+12.4%
Operating Income	$303M	$300M	+1.0%
Net Income	$193M	$188M	+2.4%

Revenue Segments

Self Storage Operations

$711M89%

Tenant Reinsurance

$84M11%