Extra Space Storage Inc. (EXR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
EXR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
EXR Revenue Analysis (2013–2024)
As of February 28, 2026, Extra Space Storage Inc. (EXR) generated trailing twelve-month (TTM) revenue of $3.30 billion, reflecting moderate decline in growth of -9.0% year-over-year. The most recent quarter (Q3 2025) recorded $777.6 million in revenue, down 7.6% sequentially.
Looking at the longer-term picture, EXR's 5-year compound annual growth rate (CAGR) stands at +20.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $3.34 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows EXR's business is primarily driven by Self Storage Operations (89%), and Tenant Reinsurance (11%). With over half of revenue concentrated in Self Storage Operations, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including PSA (+2.3% YoY), CUBE (+4.0% YoY), and NSA (-2.3% YoY), EXR has underperformed the peer group in terms of revenue growth. Compare EXR vs PSA →
Peer Comparison
Compare EXR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EXRCurrent | $3.3B | -9.0% | +20.4% | 39.6% | |
| PSA | $4.8B | +2.3% | +10.6% | 70.6% | |
| CUBE | $1.1B | +4.0% | +10.2% | 45.3% | |
| NSA | $753M | -2.3% | +11.7% | 37.0% | |
| SELF | $13M | +3.4% | +7.6% | 23.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.34B | +27.6% | $2.55B | 76.3% | $1.32B | 39.6% |
| 2023 | $2.62B | +33.0% | $2.02B | 77.3% | $1.17B | 44.7% |
| 2022 | $1.97B | +22.1% | $1.54B | 78.5% | $1.05B | 53.4% |
| 2021 | $1.61B | +16.8% | $1.23B | 76.4% | $976.0M | 60.6% |
| 2020 | $1.38B | +4.5% | $1.02B | 74.0% | $666.1M | 48.3% |
| 2019 | $1.32B | +9.0% | $979.4M | 74.2% | $635.0M | 48.1% |
| 2018 | $1.21B | +8.1% | $909.8M | 75.1% | $619.7M | 51.2% |
| 2017 | $1.12B | +11.5% | $843.6M | 75.3% | $541.6M | 48.3% |
| 2016 | $1.00B | +26.4% | $752.1M | 74.9% | $449.8M | 44.8% |
| 2015 | $794.6M | +20.8% | $588.2M | 74.0% | $294.7M | 37.1% |
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Start ComparisonFrequently Asked Questions
Is EXR's revenue growth accelerating or slowing?
EXR revenue declined -9.0% year-over-year, contrasting with the 5-year CAGR of +20.4%. TTM revenue fell to $3.3B. This reverses the prior growth trend.
What is EXR's long-term revenue growth rate?
Extra Space Storage Inc.'s 5-year revenue CAGR of +20.4% reflects the variable expansion pattern. Current YoY growth of -9.0% is below this long-term average.
How is EXR's revenue distributed by segment?
EXR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.