$EXR
Extra Space Storage Inc. Stock $exr

$exr Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000162828017008114 Filed on August 04, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$276.0M	$244.3M
YoY Change	12.99%	31.43%
Cost Of Revenue	$67.30M	$62.43M
YoY Change	7.79%	29.5%
Gross Profit	$208.7M	$181.8M
YoY Change	14.77%	32.1%
Gross Profit Margin	75.62%	74.44%
Selling, General & Admin	$21.90M	$20.50M
YoY Change	6.83%	22.75%
% of Gross Profit	10.49%	11.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$46.63M	$43.95M
YoY Change	6.1%	39.29%
% of Gross Profit	22.34%	24.17%
Operating Expenses	$68.50M	$64.50M
YoY Change	6.2%	33.82%
Operating Profit	$136.4M	$110.3M
YoY Change	23.67%	35.16%
Interest Expense	$37.46M	$32.80M
YoY Change	14.19%	43.8%
% of Operating Profit	27.46%	29.74%
Other Income/Expense, Net
YoY Change
Pretax Income	$93.13M	$90.46M
YoY Change	2.95%	50.41%
Income Tax	$2.867M	$3.773M
% Of Pretax Income	3.08%	4.17%
Net Earnings	$87.01M	$83.04M
YoY Change	4.77%	50.06%
Net Earnings / Revenue	31.52%	34.0%
Basic Earnings Per Share	$0.69	$0.66
Diluted Earnings Per Share	$0.69	$0.66
COMMON SHARES
Basic Shares Outstanding	125.7M shares	124.9M shares
Diluted Shares Outstanding	132.8M shares	132.0M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$31.60M	$41.10M
YoY Change	-23.11%	-76.63%
Cash & Equivalents	$31.65M	$41.06M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$4.700M	$500.0K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$36.30M	$41.60M
YoY Change	-12.74%	-76.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.783B	$6.165B
YoY Change	10.02%	38.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$79.30M	$99.60M
YoY Change	-20.38%	17.59%
Other Assets	$16.80M	$15.20M
YoY Change	10.53%	-40.16%
Total Long-Term Assets	$7.001B	$6.417B
YoY Change	9.1%	37.84%
TOTAL ASSETS
Total Short-Term Assets	$36.30M	$41.60M
Total Long-Term Assets	$7.001B	$6.417B
Total Assets	$7.037B	$6.459B
YoY Change	8.96%	33.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$92.70M	$91.20M
YoY Change	1.64%	31.41%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$92.70M	$91.20M
YoY Change	1.64%	31.41%
LONG-TERM LIABILITIES
Long-Term Debt	$4.289B	$3.797B
YoY Change	12.95%	65.22%
Other Long-Term Liabilities	$77.40M	$127.6M
YoY Change	-39.34%	196.74%
Total Long-Term Liabilities	$4.366B	$3.925B
YoY Change	11.25%	67.64%
TOTAL LIABILITIES
Total Short-Term Liabilities	$92.70M	$91.20M
Total Long-Term Liabilities	$4.366B	$3.925B
Total Liabilities	$4.459B	$4.016B
YoY Change	11.03%	66.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$366.4M	-$343.4M
YoY Change	6.69%	26.21%
Common Stock	$2.571B	$2.512B
YoY Change	2.36%	3.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.222B	$2.115B
YoY Change
Total Liabilities & Shareholders Equity	$7.037B	$6.459B
YoY Change	8.96%	33.62%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$87.01M	$83.04M
YoY Change	4.77%	50.06%
Depreciation, Depletion And Amortization	$46.63M	$43.95M
YoY Change	6.1%	39.29%
Cash From Operating Activities	$175.9M	$144.2M
YoY Change	21.98%	50.36%
INVESTING ACTIVITIES
Capital Expenditures	-$43.30M	-$209.5M
YoY Change	-79.33%	21.8%
Acquisitions
YoY Change
Other Investing Activities	-$1.000M	$62.20M
YoY Change	-101.61%	481.31%
Cash From Investing Activities	-$44.50M	-$147.3M
YoY Change	-69.79%	-8.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-124.6M	-5.600M
YoY Change	2125.0%	-102.86%
NET CHANGE
Cash From Operating Activities	175.9M	144.2M
Cash From Investing Activities	-44.50M	-147.3M
Cash From Financing Activities	-124.6M	-5.600M
Net Change In Cash	6.800M	-8.700M
YoY Change	-178.16%	-106.66%
FREE CASH FLOW
Cash From Operating Activities	$175.9M	$144.2M
Capital Expenditures	-$43.30M	-$209.5M
Free Cash Flow	$219.2M	$353.7M
YoY Change	-38.03%	32.03%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5991000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	8516000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	7544000	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-137000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1186000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001289490
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	126000114	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Extra Space Storage Inc.
	dei	Trading Symbol TradingSymbol	EXR
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CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	125881460	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	125977670	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	125881460	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	125977670	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1259000	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	1260000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	65138000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	118143000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	81193000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	169521000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	6105000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	11359000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	6804000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	14544000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	71243000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	129502000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	87997000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	184065000	USD
	us-gaap	Contribution Of Property ContributionOfProperty	17261000	USD
CY2016Q2	us-gaap	Cost Of Revenue CostOfRevenue	62430000	USD
	us-gaap	Contribution Of Property ContributionOfProperty	0	USD
CY2016Q4	us-gaap	Convertible Debt ConvertibleDebt	610314000	USD
CY2017Q2	us-gaap	Convertible Debt ConvertibleDebt	614173000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	123542000	USD
CY2017Q2	us-gaap	Cost Of Revenue CostOfRevenue	67295000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	133940000	USD
CY2016Q2	us-gaap	Costs And Expenses CostsAndExpenses	133971000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	269746000	USD
CY2017Q2	us-gaap	Costs And Expenses CostsAndExpenses	139596000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	278401000	USD
CY2017Q2	us-gaap	Credit Risk Derivative Liabilities At Fair Value CreditRiskDerivativeLiabilitiesAtFairValue	1846000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	43950000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	86847000	USD
CY2017Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	46632000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	96064000	USD
CY2017Q2	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	32	derivative
CY2016Q2	us-gaap	Direct Premiums Earned DirectPremiumsEarned	21654000	USD
	us-gaap	Direct Premiums Earned DirectPremiumsEarned	42209000	USD
CY2017Q2	us-gaap	Direct Premiums Earned DirectPremiumsEarned	24313000	USD
	us-gaap	Direct Premiums Earned DirectPremiumsEarned	47168000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	196468000	USD
CY2016Q4	us-gaap	Due From Related Parties DueFromRelatedParties	16611000	USD
CY2017Q2	us-gaap	Due From Related Parties DueFromRelatedParties	4676000	USD
CY2016Q4	us-gaap	Due From Related Parties Noncurrent DueFromRelatedPartiesNoncurrent	120230000	USD
CY2017Q2	us-gaap	Due From Related Parties Noncurrent DueFromRelatedPartiesNoncurrent	120230000	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.66
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.33
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.69
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.34
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.66
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.32
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.69
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.33
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20512000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	43914000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21865000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	40673000	USD
CY2017Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	6100000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	90455000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	152874000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	93127000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	182406000	USD
CY2016Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3358000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6188000	USD
CY2017Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3838000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	7417000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-1936000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-2365000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3773000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6538000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	2670000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2867000	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-1720000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-402000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-18090000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	2128000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-15066000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3442000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	4110000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-9941000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-15506000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	2880000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	32802000	USD
	us-gaap	Interest Expense InterestExpense	64161000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	37456000	USD
	us-gaap	Interest Expense InterestExpense	73426000	USD
CY2016Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	6107000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	12222000	USD
CY2017Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	6157000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	12293000	USD
CY2016Q2	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	4867000	USD
	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	9749000	USD
CY2017Q2	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	4867000	USD
	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	9734000	USD
	us-gaap	Interest Paid Net InterestPaidNet	59676000	USD
	us-gaap	Interest Paid Net InterestPaidNet	67808000	USD
CY2017Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet	3310000	USD
CY2016Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	1625000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	3339000	USD
CY2017Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	826000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1928000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	4495280000	USD
CY2017Q2	us-gaap	Liabilities Liabilities	4458780000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7091446000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7037463000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	365000000	USD
CY2017Q2	us-gaap	Line Of Credit LineOfCredit	128000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	16325000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	2510000	USD
CY2016Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	203354000	USD
CY2017Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	200596000	USD
CY2016Q4	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	147920000	USD
CY2017Q2	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	154490000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	131581000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-252225000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-405992000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-49034000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	239670000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	289049000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	83044000	USD
	us-gaap	Net Income Loss NetIncomeLoss	165636000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	87006000	USD
	us-gaap	Net Income Loss NetIncomeLoss	169288000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	82830000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	165256000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	86799000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	168885000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	86957000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	173966000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	91060000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	177195000	USD
CY2016	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	9463000	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	7689000	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	USD
CY2016Q2	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	3434000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	6614000	USD
CY2017Q2	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	3430000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	7381000	USD
CY2016Q4	us-gaap	Notes Payable NotesPayable	3213588000	USD
CY2017Q2	us-gaap	Notes Payable NotesPayable	3429153000	USD
CY2017Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1023	store
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2017Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	38	state
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	110302000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	203930000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	136407000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	260610000	USD
CY2016Q2	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	211791000	USD
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	411279000	USD
CY2017Q2	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	240796000	USD
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	472289000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	167076000	USD
CY2017Q2	us-gaap	Other Assets OtherAssets	122293000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-18797000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-49945000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-6101000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	233000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	233000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	87669000	USD
CY2017Q2	us-gaap	Other Liabilities OtherLiabilities	77393000	USD
CY2016Q4	us-gaap	Other Minority Interests OtherMinorityInterests	0	USD
CY2017Q2	us-gaap	Other Minority Interests OtherMinorityInterests	1806000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	171514000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	196468000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	14300000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	16325000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	5702000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2925000	USD
CY2016	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	42149000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	19309000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	435298000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	72651000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	14400000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	12274000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	1267000	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	0	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	41393000	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	44869000	USD
	us-gaap	Proceeds From Derivative Instrument Financing Activities ProceedsFromDerivativeInstrumentFinancingActivities	1650000	USD
	us-gaap	Proceeds From Derivative Instrument Financing Activities ProceedsFromDerivativeInstrumentFinancingActivities	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	73369000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	17582000	USD
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	101000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	313000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	90040000	USD
	us-gaap	Profit Loss ProfitLoss	179447000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	94098000	USD
	us-gaap	Profit Loss ProfitLoss	183832000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6770447000	USD
CY2017Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6782788000	USD
CY2016Q4	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	79570000	USD
CY2017Q2	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	79294000	USD
CY2016Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	244273000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	473676000	USD
CY2017Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	276003000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	539011000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	222923000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	686443000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	13884000	USD
CY2017Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16764000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	163000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-339257000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	2244892000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-366437000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4093000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4955000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	2221791000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2596166000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2578683000	USD
	us-gaap	Transfer Of Investments TransferOfInvestments	17261000	USD
	us-gaap	Transfer Of Investments TransferOfInvestments	0	USD
CY2016Q2	us-gaap	Undistributed Earnings UndistributedEarnings	-214000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	-380000	USD
CY2017Q2	us-gaap	Undistributed Earnings UndistributedEarnings	-207000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	-403000	USD
CY2016Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	380000	USD
CY2017Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132025915	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132152519	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132783402	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132759354	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124914467	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124678293	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	125673156	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	125639480	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font></div><div style="line-height:120%;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Extra Space Storage Inc. (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 professionally managed self-storage properties (“stores”) located throughout the United States. The Company continues the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company’s interests in its stores is held through its operating partnership, Extra Space Storage LP (the “Operating Partnership”), which was formed on May 5, 2004. The Company’s primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. To the extent the Company continues to qualify as a REIT, it will not be subject to tax, with certain limited exceptions, on the taxable income that is distributed to its stockholders.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invests in stores by acquiring wholly-owned stores or by acquiring an equity interest in real estate entities. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company had direct and indirect equity interests in </font><font style="font-family:inherit;font-size:10pt;">1,023</font><font style="font-family:inherit;font-size:10pt;"> stores. In addition, the Company managed </font><font style="font-family:inherit;font-size:10pt;">447</font><font style="font-family:inherit;font-size:10pt;"> stores for third parties, bringing the total number of stores which it owns and/or manages to </font><font style="font-family:inherit;font-size:10pt;">1,470</font><font style="font-family:inherit;font-size:10pt;">. These stores are located in </font><font style="font-family:inherit;font-size:10pt;">38</font><font style="font-family:inherit;font-size:10pt;"> states, Washington, D.C. and Puerto Rico.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. The rental operations activities include rental operations of stores in which we have an ownership interest. No single tenant accounts for more than </font><font style="font-family:inherit;font-size:10pt;">5.0%</font><font style="font-family:inherit;font-size:10pt;"> of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s stores. The Company’s property management, acquisition and development activities include managing, acquiring and developing stores.</font></div></div>

Files In Submission

Name	View Source	Status
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$EXR
Extra Space Storage Inc. Stock $exr

2017 Q2 Form 10-Q Financial Statement

#000162828017008114 Filed on August 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR Extra Space Storage Inc. Stock $exr

2017 Q2 Form 10-Q Financial Statement

#000162828017008114 Filed on August 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR
Extra Space Storage Inc. Stock $exr