Extra Space Storage Inc. (EXR) Earnings History
Annual and quarterly earnings data from 2001 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 76.3% | 39.6% | 25.6% |
| 2023 | 77.3% | 44.7% | 30.7% |
| 2022 | 78.5% | 53.4% | 43.8% |
| 2021 | 76.4% | 60.6% | 51.4% |
| 2020 | 74.0% | 48.3% | 34.9% |
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Extra Space Storage Inc. (EXR) Earnings Overview
As of February 28, 2026, Extra Space Storage Inc. (EXR) reported trailing twelve-month net income of $953M, reflecting -0.1% year-over-year growth. The company earned $4.50 per diluted share over the past four quarters, with a net profit margin of 0.3%.
Looking at the long-term picture, EXR's 5-year EPS compound annual growth rate (CAGR) stands at +4.5%, reflecting modest earnings expansion. The company achieved its highest annual net income of $861M in fiscal 2022.
Extra Space Storage Inc. maintains positive profitability with a gross margin of 0.8%, operating margin of 0.4%, and net margin of 0.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PSA ($1.89B net income, 0.4% margin), CUBE ($357M net income, 0.4% margin), NSA ($74M net income, 0.1% margin), EXR has room to improve margins relative to the peer group. Compare EXR vs PSA →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
EXRCurrent | $953M | $4.50 | 0.3% | 0.1% | -0.1% | — |
PSA | $1.9B | $10.76 | 0.4% | 0.2% | -0.2% | |
CUBE | $357M | $1.56 | 0.4% | 0.1% | -0.1% | |
NSA | $74M | $0.96 | 0.1% | 0.0% | -0.4% | |
SELF | $2M | $0.16 | 0.2% | 0.0% | -0.3% |
Historical Data
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $855M | +6.4% | $1.32B | $4.03 | 25.6% | 39.6% |
| 2023 | $803M | -6.7% | $1.17B | $4.74 | 30.7% | 44.7% |
| 2022 | $861M | +4.0% | $1.05B | $6.41 | 43.8% | 53.4% |
| 2021 | $828M | +71.8% | $976M | $6.19 | 51.4% | 60.6% |
| 2020 | $482M | +14.7% | $666M | $3.71 | 34.9% | 48.3% |
| 2019 | $420M | +1.1% | $635M | $3.24 | 31.8% | 48.1% |
| 2018 | $415M | -13.3% | $620M | $3.12 | 34.3% | 51.2% |
| 2017 | $479M | +30.8% | $542M | $3.76 | 42.8% | 48.3% |
| 2016 | $366M | +93.2% | $450M | $2.91 | 36.4% | 44.8% |
| 2015 | $189M | +6.2% | $295M | $1.56 | 23.8% | 37.1% |
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Start ComparisonFrequently Asked Questions
Is EXR growing earnings?
EXR EPS of $4.50 reflects slowing growth at -0.1%, below the 5-year CAGR of +4.5%. TTM net income is $953M. Expansion rate has moderated.
What are EXR's profit margins?
Extra Space Storage Inc. net margin is +0.3%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are EXR's earnings?
EXR earnings data spans 2001-2024. The current earnings trend is -0.1% YoY. Historical data enables comparison across business cycles.