EXRExtra Space Storage Inc.
Real Estate Investment Trusts
- Revenue
- $129M
- 7.1% YoY
- Operating margin
- 1091.1%
- 0.4% YoY
- EBITDA
- $2.1B
- 1.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.2×
- $446M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear190% of net incomeCash flow under 80% of net income
- Dilutive SBCFired27% of revenueOver 10% of revenue
- Payouts exceed cash flowClear82% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $66M | $84M | $102M | $121M | $129M | 7.1% |
| Operating income | $976M | $1.1B | $1.2B | $1.3B | $1.4B | 6.8% |
| Net income | $828M | $861M | $803M | $855M | $974M | 14% |
| Operating cash flow | $952M | $1.2B | $1.4B | $1.9B | $1.9B | 2.0% |
| Capex | — | $1.2B | $136M | $479M | $562M | 17% |
| Stock-based comp | $17M | $21M | $26M | $29M | $36M | 23% |
| Buybacks | $0 | $63M | $0 | $0 | $150M | |
| Dividends | $601M | $805M | $1.0B | $1.4B | $1.4B | 0.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.