EXR Q4 2022 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q4 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$518M+18.7% YoY

Gross Profit

$417M80.6% margin

Operating Income

$270M52.1% margin

Net Income

$204M39.5% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$290M

Free Cash Flow

$287M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$12.2B

Total Liabilities

$8.1B

Stockholders' Equity

$3.3B

Cash & Equivalents

$93M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$518M	$436M	+18.7%
Gross Profit	$417M	$353M	+18.3%
Operating Income	$270M	$312M	-13.5%
Net Income	$204M	$268M	-23.8%

Revenue Segments

Self Storage Operations

$438M90%

Tenant Reinsurance

$47M10%