Company Quick10K Filing
Extra Space Storage
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 136 $14,252
10-K 2020-02-25 Annual: 2019-12-31
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-02-28 Annual: 2012-12-31
10-Q 2012-11-05 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-02-18 Earnings, Exhibits
8-K 2020-02-12 Officers
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-09-20 Other Events, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-07-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-23 Shareholder Vote
8-K 2019-05-15 Other Events, Exhibits
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-02-27 Other Events
8-K 2019-02-20 Earnings, Exhibits
8-K 2018-12-07 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-09-14 Other Events, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-06-29 Other Events, Exhibits
8-K 2018-06-08 Other Events, Exhibits
8-K 2018-05-31 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-24 Shareholder Vote
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-02-20 Earnings, Exhibits
8-K 2018-01-12 Amend Bylaw, Exhibits

Extra Space Storage Financials

EXR Metrics, Comps, Filings

Annual | Quarterly

Business

Extra Space Storage Inc. ("we," "our," "us" or the "Company") is a fully integrated, self-administered and self-managed real estate investment trust ("REIT") formed as a Maryland corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop self-storage properties ("stores"). We closed our initial public offering ("IPO") on August 17, 2004. Our common stock is traded on the New York Stock Exchange under the symbol "EXR."

We were formed to continue the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. These companies were reorganized after the consummation of our IPO and various formation transactions. As of December 31, 2018 we owned and/or operated 1,647 stores in 39 states, Washington, D.C. and Puerto Rico, comprising approximately 125.7 million square feet of net rentable space in approximately 1.2 million units.

Substantially all of our business is conducted through Extra Space Storage LP (the "Operating Partnership"). Our primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"). To the extent we continue to qualify as a REIT we will not be subject to U.S. Federal tax, with certain exceptions, on our net taxable income that is distributed to our stockholders.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Weyerhaeuser (WY) 19,074 20% 27.0 0% 17,029 8,305 6,881 1,372 1 971 26,222
Alexandria Real Estate Equities (ARE) 16,176 0% 20.7 3% 15,480 7,125 1,366 0 392 1,049 21,727
HCP (HCP) 15,617 59% 12.2 7% 13,713 7,094 1,826 1,084 992 1,776 21,696
Extra Space Storage (EXR) 14,252 75% 16.2 6% 8,391 5,562 943 711 464 874 14,196
WP Carey (WPC) 13,963 97% 19.2 3% 14,192 7,201 1,086 1,051 412 1,034 19,878
Mid America Apartment (MAA) 13,556 0% 57.5 1% 11,275 4,990 407 0 64 235 13,498
Annaly Capital Management (NLY) 13,310 -5.9 -3% 131,801 116,093 0 0 -4,495 -2,005 11,832
Host Hotels & Resorts (HST) 13,227 0% 4.9 9% 12,525 4,910 5,624 0 1,160 2,457 11,917
UDR (UDR) 12,621 0% 37.1 2% 8,197 4,229 1,086 0 183 445 16,484
Vornado Realty Trust (VNO) 12,535 0% 3.4 18% 17,914 9,556 1,541 0 3,142 3,719 12,729
Duke Realty (DRE) 12,133 0% 23.1 3% 8,014 3,312 1,005 0 235 648 14,979
Regency Centers (REG) 11,683 0% 83.5 0% 10,947 4,594 560 0 53 183 15,325
Equity Lifestyle Properties (ELS) 11,481 0% 32.6 7% 4,014 2,707 1,008 0 279 349 11,390
Sun Communities (SUI) 11,237 45% 23.2 2% 7,222 3,542 1,197 536 143 483 11,191
Camden Property Trust (CPT) 10,322 0% 22.4 2% 6,622 2,933 489 0 162 566 12,644
Federal Realty Investment Trust (FRT) 10,090 0% 16.0 4% 6,384 3,738 928 0 265 624 9,950
Vici Properties (VICI) 10,008 98% 16.1 5% 12,522 4,450 893 876 584 802 12,923
AGNC Investment (AGNC) 9,214 7.0 -1% 106,576 96,230 0 0 -767 1,074 7,555
Vereit (VER) 8,938 0% 13.7 2% 13,782 6,430 627 0 319 1,046 14,364
National Retail Properties (NNN) 8,907 0% 15.4 4% 7,253 3,030 644 0 278 579 8,904

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash302617212531143015
Accounts Receivable1420323247
Inventory
PP&E1,9722,2642,9923,6374,1365,6896,7707,1327,492
Assets2,2482,5163,2233,9774,4026,0717,0917,4557,848
Accounts Payable
Long-Term Debt7462262,782610604
Liabilities1,3091,4421,6782,0452,4903,6994,4954,7315,063
Stockholders' Equity8811,0191,4921,7581,7372,0892,2452,3512,414
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue1,197
Cost of Revenue8695114140172204250272292
Gross Profit905
R&D
SG&A445050546168827981
Tax41510321549
Net Income3358128186196210397514447
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating105144216271338367539597678
Cash Investing-84-252-607-367-565-1,626-1,032-370-444
Cash Financing-106873951921481,286461-216-247