Extra Space Storage Inc. (EXR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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EXR Revenue Growth
Revenue Breakdown (FY 2025)
EXR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
EXR Revenue Analysis (2014–2025)
As of May 6, 2026, Extra Space Storage Inc. (EXR) generated trailing twelve-month (TTM) revenue of $3.38 billion, reflecting solid growth of +9.3% year-over-year. The most recent quarter (Q4 2025) recorded $918.4 million in revenue, up 18.1% sequentially.
Looking at the longer-term picture, EXR's 5-year compound annual growth rate (CAGR) stands at +19.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $3.38 billion in 2025, 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 (+2.9% YoY), CUBE (+5.0% YoY), and NSA (-1.6% YoY), EXR has underperformed the peer group in terms of revenue growth. Compare EXR vs PSA →
EXR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EXRCurrent | $3.4B | +9.3% | +19.6% | 44.1% | |
 PSA | $4.8B | +2.9% | +10.6% | 46.7% | |
 CUBE | $1.1B | +5.0% | +10.6% | 40.0% | |
 NSA | $753M | -1.6% | +11.7% | 37.0% | |
 SST | $266M | -22.6% | -11.0% | -23.3% | |
 PLD | $8.2B | +10.7% | +19.7% | 53.8% |
EXR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.38B | +1.2% | $960.2M | 28.4% | $1.49B | 44.1% |
| 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% |
Full EXR Stock Analysis
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Start ComparisonEXR — Frequently Asked Questions
Quick answers to the most common questions about buying EXR stock.
Is EXR's revenue growth accelerating or slowing?
EXR maintains +9.3% revenue growth, in line with its 5-year CAGR of +19.6%. TTM revenue stands at $3.4B. Growth rate remains consistent with historical average.
What is EXR's long-term revenue growth rate?
Extra Space Storage Inc.'s 5-year revenue CAGR of +19.6% reflects the sustained expansion pattern. Current YoY growth of +9.3% is near 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 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.