Company Information

  

Address: 2795 COTTONWOOD PARKWAY, SUITE 400  
City: SALT LAKE CITY 
State: UT 
Zip Code: 84121 
Telephone: 801-562-5556 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

Extra Space Storage Inc. ("we," "our," "us" or the "Company") is a fully integrated, self-administered and self-managed real estate investment trust ("REIT") formed as a Maryland corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop self-storage properties ("stores"). We closed our initial public offering ("IPO") on August 17, 2004. Our common stock is traded on the New York Stock Exchange under the symbol "EXR." We were formed to continue the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. These companies were reorganized after the consummation of our IPO and various formation transactions. As of December 31, 2018 we owned and/or operated 1,647 stores in 39 states, Washington, D.C. and Puerto Rico, comprising approximately 125.7 million square feet of net rentable space in approximately 1.2 million units.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20193.160.90036.97
06/20193.370.90031.48
03/20193.330.86030.60
12/20183.270.86027.67
09/20184.170.86020.78
06/20183.880.86025.72
03/20183.820.78022.87
12/20173.760.78023.26

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity0.32Total Liab/Total Assets0.69
Net Inc/Total Assets0.11Total Liab/Inv Cap0.70
Net Inc/Inv Cap0.11Total Liab/Comm Equity2.06
Pretax Inc/Net Sales0.37Interest Coverage Ratio3.41
Net Inc/Net Sales0.72Curr Debt/Equity0.03
Cash Flow/Net Sales0.57LTD/Equity1.95
SG&A/NetSales0.09Total Debt/Equity1.98
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.16  

Income Statement (Millions)

  9/30/2019 6/30/2019 3/31/2019 12/31/2018
Total Revenues(Net Sales) 337.51 323.60 311.55 307.35
Cost of Goods Sold 88.65 80.87 78.77 72.21
Selling & Admin Exps 30.16 30.33 29.65 25.34
Operating Income 162.64 157.99 148.48 156.68
Interest Exp 48.09 48.63 48.52 49.36
Pretax Income 117.34 112.28 101.34 108.61
Other Income 2.80 2.92 1.39 1.30
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 225.43 217.11 196.11 210.08

Balance Sheet (Millions)

Assets 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Cash & Short Term Investments 66.72 55.64 46.83 72.69
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 7,665.57 7,667.03 7,688.62 7,491.83
Total Assets 8,318.43 8,390.72 8,132.51 7,847.98
Liabilities        
Accounts Payable 167.80 160.14 143.87 177.59
Debt in Current Liabilities 159.00 382.00 335.00 81.00
Total Current Liabilities NA NA NA NA
Long-Term Debt 4,653.00 4,656.20 4,666.09 4,699.59
Total Liabilities 5,795.72 5,948.51 5,748.37 5,434.25
Stockholder's Equity        
Minority Interest 385.28 386.60 389.66 371.70
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 1.29 1.29 1.27 1.27
Retained Earnings -296.75 -288.40 -277.66 -262.90
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,522.71 2,442.21 2,384.15 2,413.72
Total Liabilities and Stockholders' Equity 8,318.43 8,390.72 8,132.51 7,847.98

Cash Flow Summary (Millions)

Categories 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Net Cash Provided by Operating Activities 181.06 194.07 169.34 148.77
Net Cash Provided by Investing Activities 84.05 -193.45 -246.98 -126.87
Net Cash Provided by Financing Activities -254.04 8.20 51.77 -15.79

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014647.16367.261.53
12/2015782.27394.951.56
12/2016991.88696.972.91
12/20171,105.01981.533.76
12/20181,196.60857.163.27
Growth Rates16.6123.6020.91

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/19529127,97198.81




Report Date : 12/2/2019

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