EXR Q4 2023 Earnings — Extra Space Storage Inc. Revenue & Financial Results | Market Cap Arena

EXRExtra Space Storage Inc.

$31B

Q4 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$814M+57.2% YoY

Gross Profit

$675M82.9% margin

Operating Income

$333M41.0% margin

Net Income

$216M26.6% margin

EPS (Diluted)

$0.98

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$365M

Free Cash Flow

$358M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$27.5B

Total Liabilities

$12.0B

Stockholders' Equity

$14.4B

Cash & Equivalents

$99M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$814M	$518M	+57.2%
Gross Profit	$675M	$417M	+61.7%
Operating Income	$333M	$270M	+23.7%
Net Income	$216M	$204M	+5.8%

Revenue Segments

Self Storage Operations

$697M91%

Tenant Reinsurance

$70M9%