The Tip Desk

Extra Space Storage Inc.

Company Stats

Market Cap
$27.8B
as of Sep 30, 2026
Shares Outstanding
211.3M
Free Float
98.5%

Income Statement

Revenue
$3.4B
Operating Income
$1.4B
Net Income
$974.0M
EBITDA
$2.1B
Revenue Growth, 3Y
20.6%
FCF Margin, 3Y Avg
43.6%
FCF Margin, Worst Year
38.1%

Cash Flow

Free Cash Flow
$1.3B
FCF Yield
4.6%
Owner FCF Yield
4.5%

Balance Sheet

Cash & Equivalents
$138.9M

Returns & Capital

Dividends Paid
$1.4B
Dividend Yield
4.9%
Dividend Payout, 3Y Avg
144.1%
Share Repurchases
$149.5M
Buyback Yield, 3Y Avg
0.2%
SBC, 3Y Avg
$30.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$3.4B$1.3B38.1%
FY2024$3.3B$1.4B43.2%
FY2023$2.6B$1.3B49.5%
FY2022$1.9B$44.9M2.3%
FY2021$1.6B$948.8M60.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage