Company / Operating Income
Extra Space Storage Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.4B
FY2025
5-year range
$635.0M / $1.4B
FY2021-FY2025
Trend
+6.8%
vs FY2024
Sector context
#6 of 71
Real Estate
What the data says
Among 71 Real Estate companies, Extra Space Storage is in the top 8% for operating income. Operating Income has increased for 5 consecutive years, from $620M in FY2020 to $1.4B in FY2025.
Based on SEC 10-K filings.
$1.4B in FY2025 with a 5-year CAGR of +17.9%. Top quartile in the Real Estate sector.
Improved from $1.2B to $1.4B over the past 2 years.
Real Estate sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +10.4%
- 5-Year CAGR
- +17.9%
- 10-Year CAGR
- -
Sector benchmark
Top 8% in Real EstateTop 8% of 71This company $1.4B Sector average $492.4M
▼
+186.9% above sector average
Key checks
Key Insights
- Extra Space Storage's operating income has grown for 5 consecutive years.
- 5-year CAGR of +17.9%, indicating consistent growth.
- In FY2025, operating income increased 6.8% year-over-year.
- Ranks #6 out of 71 companies in the Real Estate sector.
Company context
Key Data Points
- Altman Z-Score 0.58 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.4%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.4B | +6.8% |
| FY2024 | $1.3B | +13.1% |
| FY2023 | $1.2B | +11.4% |
| FY2022 | $1.1B | +65.4% |
| FY2021 | $635.0M | +2.5% |
| FY2020 | $619.7M | -5.3% |
| FY2019 | $654.4M | +42.8% |
| FY2018 | $458.3M | -30.0% |
| FY2017 | $654.4M | +42.8% |
| FY2016 | $458.3M | +55.5% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026