Operating Income for Extra Space Storage (EXR)
According to Extra Space Storage's latest reported financial statements, the company's current operating income (TTM) is $1.47B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.47B
YoY change
+12.5%
5Y CAGR
+17.5%
Peak year (2025)
$1.49B
Cumulative operating income
$10.43B
Operating Income history chart for Extra Space Storage (EXR) from 2001 to 2025
Operating Income history table for Extra Space Storage (EXR) from 2001 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.49B | +12.5% | ||
| 2024 | $1.32B | +13.1% | ||
| 2023 | $1.17B | +11.4% | ||
| 2022 | $1.05B | +7.6% | ||
| 2021 | $975.95M | +46.5% | ||
| 2020 | $666.14M | +4.9% | ||
| 2019 | $634.96M | +2.5% | ||
| 2018 | $619.70M | +14.4% | ||
| 2017 | $541.61M | +20.4% | ||
| 2016 | $449.84M | +52.7% | ||
| 2015 | $294.66M | +5.8% | ||
| 2014 | $278.47M | +30.4% | ||
| 2013 | $213.48M | +35.8% | ||
| 2012 | $157.24M | +36.2% | ||
| 2011 | $115.48M | +27.2% | ||
| 2010 | $90.81M | +26.3% | ||
| 2009 | $71.89M | -21.8% | ||
| 2008 | $91.94M | +9.7% | ||
| 2007 | $83.80M | +40.5% | ||
| 2006 | $59.65M | +84.4% | ||
| 2005 | $32.35M | +190.2% | ||
| 2004 | $11.15M | +717.4% | ||
| 2003 | $1.36M | -78.7% | ||
| 2002 | $6.41M | +148.3% | ||
| 2001 | $2.58M | — |
Operating Income values are taken from Extra Space Storage's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Extra Space Storage (EXR) reported operating income of $1.49B – grew 12.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Extra Space Storage operating income compounded at +17.5% per year, sustaining 16 straight years of year-over-year growth.
The dataset's maximum operating income sits at $1.49B (2025); the minimum reading of $1.36M dates to 2003.
Within Real Estate, Extra Space Storage (EXR) ranks 7th among 8 peers we track. The peer median for operating income is $2.05B.
Extra Space Storage Operating Income by Year
Extra Space Storage Operating Income 2025: $1.49B
Extra Space Storage operating income in 2025 was $1.49B, grew 12.5% from 2024. This figure represents the highest annual value in the available history.
Extra Space Storage Operating Income 2024: $1.32B
Extra Space Storage operating income in 2024 was $1.32B, grew 13.1% from 2023.
Extra Space Storage Operating Income 2023: $1.17B
Extra Space Storage operating income in 2023 was $1.17B, grew 11.4% from 2022.
Extra Space Storage Operating Income 2022: $1.05B
Extra Space Storage operating income in 2022 was $1.05B, grew 7.6% from 2021.
Extra Space Storage Operating Income 2021: $975.95M
Extra Space Storage operating income in 2021 was $975.95M.
See more financial history for Extra Space Storage (EXR).
Sector peers — Operating Income
Companies in the same sector as Extra Space Storage, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Extra Space Storage's operating income?
- Latest reported operating income for Extra Space Storage (EXR) is $1.47B (period ending March 31, 2026).
How has Extra Space Storage operating income changed year-over-year?
- Extra Space Storage (EXR) operating income changed +12.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Extra Space Storage operating income?
- Extra Space Storage (EXR) operating income compound annual growth rate is +17.5% over the most recent 5 years available.
When did Extra Space Storage operating income hit its highest annual value?
- Extra Space Storage operating income reached its highest annual value of $1.49B in 2025.
What was Extra Space Storage operating income in 2024?
- Extra Space Storage (EXR) operating income in 2024 was $1.32B.
What was Extra Space Storage operating income in 2025?
- Extra Space Storage (EXR) operating income in 2025 was $1.49B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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