$EXR
Extra Space Storage Inc.

2019 Q2 Form 10-Q Financial Statement

#000162828019010117 Filed on August 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $323.6M $296.8M
YoY Change 9.03% 7.54%
Cost Of Revenue $80.87M $73.08M
YoY Change 10.66% 8.6%
Gross Profit $242.7M $223.7M
YoY Change 8.49% 7.2%
Gross Profit Margin 75.01% 75.38%
Selling, General & Admin $23.40M $21.70M
YoY Change 7.83% -0.91%
% of Gross Profit 9.64% 9.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.41M $51.89M
YoY Change 4.84% 11.28%
% of Gross Profit 22.41% 23.19%
Operating Expenses $77.70M $73.50M
YoY Change 5.71% 7.3%
Operating Profit $159.2M $144.7M
YoY Change 10.01% 6.09%
Interest Expense $47.45M $43.35M
YoY Change 9.46% 15.73%
% of Operating Profit 29.8% 29.95%
Other Income/Expense, Net
YoY Change
Pretax Income $112.3M $101.4M
YoY Change 10.75% 8.86%
Income Tax $2.715M $2.097M
% Of Pretax Income 2.42% 2.07%
Net Earnings $104.8M $95.15M
YoY Change 10.17% 9.36%
Net Earnings / Revenue 32.39% 32.06%
Basic Earnings Per Share $0.82 $0.75
Diluted Earnings Per Share $0.81 $0.75
COMMON SHARES
Basic Shares Outstanding 127.6M shares 125.9M shares
Diluted Shares Outstanding 135.7M shares 132.8M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.70M $49.20M
YoY Change -3.05% 55.7%
Cash & Equivalents $47.67M $49.19M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $47.70M $49.20M
YoY Change -3.05% 35.54%
LONG-TERM ASSETS
Property, Plant & Equipment $7.889B $7.390B
YoY Change 6.74% 8.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $174.5M $97.60M
YoY Change 78.79% 23.08%
Other Assets $8.000M $19.90M
YoY Change -59.8% 18.45%
Total Long-Term Assets $8.343B $7.673B
YoY Change 8.74% 9.59%
TOTAL ASSETS
Total Short-Term Assets $47.70M $49.20M
Total Long-Term Assets $8.343B $7.673B
Total Assets $8.391B $7.722B
YoY Change 8.66% 9.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.1M $107.3M
YoY Change 7.27% 15.75%
Accrued Expenses $230.8M
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 $345.9M $107.3M
YoY Change 222.37% 15.75%
LONG-TERM LIABILITIES
Long-Term Debt $5.038B $4.768B
YoY Change 5.68% 11.16%
Other Long-Term Liabilities $177.8M $131.4M
YoY Change 35.31% 69.77%
Total Long-Term Liabilities $5.216B $4.899B
YoY Change 6.47% 12.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.9M $107.3M
Total Long-Term Liabilities $5.216B $4.899B
Total Liabilities $5.562B $5.006B
YoY Change 11.1% 12.28%
SHAREHOLDERS EQUITY
Retained Earnings -$288.4M -$276.7M
YoY Change 4.23% -24.49%
Common Stock $2.758B $2.556B
YoY Change 7.92% -0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.442B $2.342B
YoY Change
Total Liabilities & Shareholders Equity $8.391B $7.722B
YoY Change 8.66% 9.73%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $104.8M $95.15M
YoY Change 10.17% 9.36%
Depreciation, Depletion And Amortization $54.41M $51.89M
YoY Change 4.84% 11.28%
Cash From Operating Activities $194.1M $168.1M
YoY Change 15.47% -4.43%
INVESTING ACTIVITIES
Capital Expenditures -$42.10M -$179.9M
YoY Change -76.6% 315.47%
Acquisitions
YoY Change
Other Investing Activities -$151.3M -$18.20M
YoY Change 731.32% 1720.0%
Cash From Investing Activities -$193.4M -$198.2M
YoY Change -2.42% 345.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.200M 45.10M
YoY Change -81.82% -136.2%
NET CHANGE
Cash From Operating Activities 194.1M 168.1M
Cash From Investing Activities -193.4M -198.2M
Cash From Financing Activities 8.200M 45.10M
Net Change In Cash 8.900M 15.00M
YoY Change -40.67% 120.59%
FREE CASH FLOW
Cash From Operating Activities $194.1M $168.1M
Capital Expenditures -$42.10M -$179.9M
Free Cash Flow $236.2M $348.0M
YoY Change -32.13% 58.76%

Facts In Submission

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dei Entity Registrant Name
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EXTRA SPACE STORAGE INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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2795 East Cottonwood Parkway, Suite 300
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CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.90
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.86
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.76
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.64
CY2019Q2 us-gaap Profit Loss
ProfitLoss
112689000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
102713000 USD
us-gaap Profit Loss
ProfitLoss
214849000 USD
us-gaap Profit Loss
ProfitLoss
198143000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-41302000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
8033000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-65295000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
31096000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
71387000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
229239000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5842000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7934000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12082000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
110746000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
149554000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16190000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65545000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
102812000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
137472000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
213049000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2723807000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
799000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2726000 USD
CY2018Q1 exr Noncontrolling Interest Repayment Of Receivable For Preferred Operating Units Pledged As Collateral On Loan
NoncontrollingInterestRepaymentOfReceivableForPreferredOperatingUnitsPledgedAsCollateralOnLoan
495000 USD
CY2018Q1 exr Noncontrolling Interest Increase From Transactions With Other Noncontrolling Interests Net
NoncontrollingInterestIncreaseFromTransactionsWithOtherNoncontrollingInterestsNet
120000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
21000000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
95430000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23063000 USD
CY2018Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
7909000 USD
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
98327000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2716646000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
371000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3116000 USD
CY2018Q2 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
1877000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
102713000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8033000 USD
CY2018Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
8468000 USD
CY2018Q2 us-gaap Dividends Common Stock
DividendsCommonStock
108486000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2715802000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2785422000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1757000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2954000 USD
CY2019Q1 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
23447000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
102160000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23993000 USD
CY2019Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
8412000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
109523000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2773812000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
468000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000 USD
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
98796000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3998000 USD
CY2019Q2 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
4575000 USD
CY2019Q2 exr Noncontrolling Interest Increase From Transactions With Other Noncontrolling Interests Net
NoncontrollingInterestIncreaseFromTransactionsWithOtherNoncontrollingInterestsNet
50000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
112689000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-41302000 USD
CY2019Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
8705000 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
115572000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2828811000 USD
us-gaap Profit Loss
ProfitLoss
214849000 USD
us-gaap Profit Loss
ProfitLoss
198143000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109065000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
103641000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6006000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6064000 USD
exr Amortization Of Debt Discount Premium Equity Component Of Senior Notes
AmortizationOfDebtDiscountPremiumEquityComponentOfSeniorNotes
2347000 USD
exr Amortization Of Debt Discount Premium Equity Component Of Senior Notes
AmortizationOfDebtDiscountPremiumEquityComponentOfSeniorNotes
2385000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6952000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5842000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1205000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3334000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3615000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1890000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7269000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
21632000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7888000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1463000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4895000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
363407000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
339742000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
248808000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
238153000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
20891000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
27893000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
11254000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
753000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
31344000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
34752000 USD
exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
3982000 USD
exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
47944000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
152599000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
25226000 USD
us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
2023000 USD
us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
2220000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-440429000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-229095000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
98796000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
757000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
645386000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
524370000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
487016000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30928000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
587000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3028000 USD
exr Repayments Of Debt Instruments
RepaymentsOfDebtInstruments
0 USD
exr Repayments Of Debt Instruments
RepaymentsOfDebtInstruments
58469000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2227000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1170000 USD
exr Cash Portion Of Redemption Of Preferred Operating Partnership Units
CashPortionOfRedemptionOfPreferredOperatingPartnershipUnits
0 USD
exr Cash Portion Of Redemption Of Preferred Operating Partnership Units
CashPortionOfRedemptionOfPreferredOperatingPartnershipUnits
2558000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
50000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
120000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
225095000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
206813000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
17117000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
16377000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59976000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127585000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17046000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16938000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72690000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86044000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55644000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69106000 USD
us-gaap Interest Paid Net
InterestPaidNet
88455000 USD
us-gaap Interest Paid Net
InterestPaidNet
78602000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4095000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1836000 USD
exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
234374000 USD
exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
383000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
225017000 USD
exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
0 USD
exr Establishment Of Operating Lease Right Of Use Assets And Lease Liabilities Increase Decrease In Accounts Payable And Accrued Expenses
EstablishmentOfOperatingLeaseRightOfUseAssetsAndLeaseLiabilitiesIncreaseDecreaseInAccountsPayableAndAccruedExpenses
9357000 USD
exr Establishment Of Operating Lease Right Of Use Assets And Lease Liabilities Increase Decrease In Accounts Payable And Accrued Expenses
EstablishmentOfOperatingLeaseRightOfUseAssetsAndLeaseLiabilitiesIncreaseDecreaseInAccountsPayableAndAccruedExpenses
0 USD
exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
1368000 USD
exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
1184000 USD
exr Construction In Progress Additions Portion Not Yet Paid
ConstructionInProgressAdditionsPortionNotYetPaid
0 USD
exr Construction In Progress Additions Portion Not Yet Paid
ConstructionInProgressAdditionsPortionNotYetPaid
1558000 USD
exr Construction In Progress And Capital Expenditures Incurred But Not Paid
ConstructionInProgressAndCapitalExpendituresIncurredButNotPaid
1368000 USD
exr Construction In Progress And Capital Expenditures Incurred But Not Paid
ConstructionInProgressAndCapitalExpendituresIncurredButNotPaid
2742000 USD
exr Conversion Of Preferred Operating Units To Common Units
ConversionOfPreferredOperatingUnitsToCommonUnits
4374000 USD
exr Conversion Of Preferred Operating Units To Common Units
ConversionOfPreferredOperatingUnitsToCommonUnits
0 USD
exr Issuance Of Common Units For Conversion Of Preferred Units
IssuanceOfCommonUnitsForConversionOfPreferredUnits
4374000 USD
exr Issuance Of Common Units For Conversion Of Preferred Units
IssuanceOfCommonUnitsForConversionOfPreferredUnits
0 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span 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 was formed to continue the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company’s interest 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. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span 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 </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, the Company had direct and indirect equity interests in </span><span style="font-family:inherit;font-size:10pt;"><span>1,157</span></span><span style="font-family:inherit;font-size:10pt;"> stores. In addition, the Company managed </span><span style="font-family:inherit;font-size:10pt;"><span>595</span></span><span style="font-family:inherit;font-size:10pt;"> stores for third parties, bringing the total number of stores which it owns and/or manages to </span><span style="font-family:inherit;font-size:10pt;"><span>1,752</span></span><span style="font-family:inherit;font-size:10pt;">. These stores are located in </span><span style="font-family:inherit;font-size:10pt;"><span>40</span></span><span style="font-family:inherit;font-size:10pt;"> states, Washington, D.C. and Puerto Rico. The Company also offers tenant reinsurance at its owned and managed stores that insures the value of goods in the storage units.</span></div>
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1157 store
CY2019Q2 exr Number Of Real Estate Properties Franchisees And Others
NumberOfRealEstatePropertiesFranchiseesAndOthers
595 store
CY2019Q2 exr Number Of Real Estate Properties Owned And Or Managed
NumberOfRealEstatePropertiesOwnedAndOrManaged
1752 store
CY2019Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
40 state
CY2019Q2 exr Number Of Parcels Of Land Held For Sale
NumberOfParcelsOfLandHeldForSale
1 land_parcel
CY2019Q2 exr Average Share Price Per Share
AverageSharePricePerShare
105.06
CY2018Q2 exr Average Share Price Per Share
AverageSharePricePerShare
93.10
exr Average Share Price Per Share
AverageSharePricePerShare
100.63
exr Average Share Price Per Share
AverageSharePricePerShare
88.71
CY2019Q2 exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1507888 shares
CY2018Q2 exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1757296 shares
exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1512657 shares
exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1844260 shares
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
104828000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
95153000 USD
us-gaap Net Income Loss
NetIncomeLoss
199598000 USD
us-gaap Net Income Loss
NetIncomeLoss
183409000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
176000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
193000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
343000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
371000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
104652000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
94960000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
199255000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
183038000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-176000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-371000 USD
CY2019Q2 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
6010000 USD
CY2018Q2 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
5271000 USD
exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
11439000 USD
exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
10211000 USD
CY2019Q2 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
CY2018Q2 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
1144000 USD
exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
1144000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
110266000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99659000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
209550000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
192476000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127585436 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125874130 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127349299 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125823581 shares
CY2019Q2 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
6085976 shares
CY2018Q2 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5651878 shares
exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
6023822 shares
exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5657592 shares
CY2019Q2 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
218686 shares
CY2018Q2 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
0 shares
exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
0 shares
exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
256733 shares
CY2019Q2 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
889183 shares
CY2018Q2 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
371284 shares
exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
917855 shares
exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
379348 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135654761 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132772772 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135166456 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132992734 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2019Q2 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
1 store
CY2019Q2 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
8424000 USD
CY2019Q2 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
8424000 USD
CY2019Q2 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2019Q2 exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
0 USD
CY2019Q2 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
0 USD
CY2019Q2 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
0 USD
CY2019Q2 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
0 shares
CY2019Q2 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
8424000 USD
CY2019Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
14 store
CY2019Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
223740000 USD
CY2019Q1 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
202890000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
17157000 USD
CY2019Q1 exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
2780000 USD
CY2019Q1 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-913000 USD
CY2019Q1 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
0 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
0 shares
CY2019Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
223740000 USD
exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
15 store
exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
232164000 USD
exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
211314000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
17157000 USD
exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
2780000 USD
exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-913000 USD
exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
0 USD
us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
0 shares
exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
232164000 USD
CY2018Q2 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
17 store
CY2018Q2 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
237284000 USD
CY2018Q2 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
148648000 USD
CY2018Q2 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
87500000 USD
CY2018Q2 exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
-1024000 USD
CY2018Q2 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-283000 USD
CY2018Q2 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
1877000 USD
CY2018Q2 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
21768 shares
CY2018Q2 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
237284000 USD
CY2018Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
5 store
CY2018Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
70787000 USD
CY2018Q1 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
70171000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2018Q1 exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
489000 USD
CY2018Q1 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-127000 USD
CY2018Q1 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
0 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
0 shares
CY2018Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
70787000 USD
exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
22 store
exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
308071000 USD
exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
218819000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
87500000 USD
exr Noncashor Part Noncash Acquisition Investments In Unconsolidated Real Estate Ventures Acquired
NoncashorPartNoncashAcquisitionInvestmentsInUnconsolidatedRealEstateVenturesAcquired
-535000 USD
exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-410000 USD
exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
1877000 USD
us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
21768 shares
exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
308071000 USD
CY2019Q1 exr Number Of Real Estate Properties Acquired Previous Noncontrolling Interest Held
NumberOfRealEstatePropertiesAcquiredPreviousNoncontrollingInterestHeld
12 store
CY2018Q2 exr Number Of Real Estate Properties Acquired Previous Noncontrolling Interest Held
NumberOfRealEstatePropertiesAcquiredPreviousNoncontrollingInterestHeld
1 store
exr Number Of Real Estate Properties Acquired Previous Noncontrolling Interest Held
NumberOfRealEstatePropertiesAcquiredPreviousNoncontrollingInterestHeld
14 store
exr Contributions To Equity Method Investments Including Noncash Amounts
ContributionsToEquityMethodInvestmentsIncludingNoncashAmounts
54779000 USD
CY2019Q2 exr Equity Method Investment Number Of Properties
EquityMethodInvestmentNumberOfProperties
239 property
CY2019Q2 exr Real Estate Investments Unconsolidated Real Estateand Other Joint Ventures Net Of Distributions
RealEstateInvestmentsUnconsolidatedRealEstateandOtherJointVenturesNetOfDistributions
129399000 USD
CY2018Q4 exr Real Estate Investments Unconsolidated Real Estateand Other Joint Ventures Net Of Distributions
RealEstateInvestmentsUnconsolidatedRealEstateandOtherJointVenturesNetOfDistributions
80129000 USD
CY2019Q2 exr Variable Interest Entity Interest In Trust Number
VariableInterestEntityInterestInTrustNumber
3 subsidiary
exr Variable Interest Entity Interest In Consolidated Joint Ventures Number
VariableInterestEntityInterestInConsolidatedJointVenturesNumber
0 joint_venture
CY2019Q2 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
29 derivative
CY2019Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
2489338000 USD
CY2019Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
1821000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-31786000 USD
CY2019Q2 exr Derivative Instruments With Contingent Features Contingent Cash Settlement Value
DerivativeInstrumentsWithContingentFeaturesContingentCashSettlementValue
31786000 USD
CY2019Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4492000 USD
CY2018Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4561000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
8984000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
9122000 USD
CY2019Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1185000 USD
CY2018Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1176000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2347000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2385000 USD
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5677000 USD
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5737000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
11331000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
11507000 USD
CY2019Q2 exr Number Of Sales Agents
NumberOfSalesAgents
9 sales_agent
CY2019Q2 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
100000000 USD
CY2018Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
108644000 USD
CY2019Q2 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
107.34
CY2019Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
6054459 shares
CY2019Q2 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
649886000 USD
CY2019Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
210501 shares
CY2018Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
10000 shares
CY2019Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
0 shares
CY2018Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
30000 shares
CY2019Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed Cash Paid
NoncontrollingInterestOperatingPartnershipUnitsRedeemedCashPaid
0 USD
CY2018Q2 exr Noncontrolling Interest Operating Partnership Units Redeemed Cash Paid
NoncontrollingInterestOperatingPartnershipUnitsRedeemedCashPaid
2558000 USD
CY2019Q2 exr Noncontrolling Interest Operating Partnership Units Issued With Acquisition
NoncontrollingInterestOperatingPartnershipUnitsIssuedWithAcquisition
0 shares
CY2018Q2 exr Noncontrolling Interest Operating Partnership Units Issued With Acquisition
NoncontrollingInterestOperatingPartnershipUnitsIssuedWithAcquisition
21768 shares
CY2019Q2 exr Noncontrolling Interest Operating Partnership Units Issued With Acquisition Value
NoncontrollingInterestOperatingPartnershipUnitsIssuedWithAcquisitionValue
0 USD
CY2018Q2 exr Noncontrolling Interest Operating Partnership Units Issued With Acquisition Value
NoncontrollingInterestOperatingPartnershipUnitsIssuedWithAcquisitionValue
1877000 USD
exr Increase In Noncontrolling Interest Units Conversion Of Preferred Units
IncreaseInNoncontrollingInterestUnitsConversionOfPreferredUnits
270709 shares
exr Increase In Noncontrolling Interest Units Conversion Of Preferred Units
IncreaseInNoncontrollingInterestUnitsConversionOfPreferredUnits
0 shares
CY2019Q2 exr Number Of Stores Added Under Operating Lease
NumberOfStoresAddedUnderOperatingLease
22 store
CY2019Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P25Y
exr Lease Contract Term After Which Can Be Terminated
LeaseContractTermAfterWhichCanBeTerminated
P10Y
exr Lease Contract Term After Which Can Be Terminated
LeaseContractTermAfterWhichCanBeTerminated
P10Y
CY2019Q2 exr Increase In Operating Lease Right Of Use Assets
IncreaseInOperatingLeaseRightOfUseAssets
127532000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
42000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
84000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
73000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
143000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3339000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
5677000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1149000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1802000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
55000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
110000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
4658000 USD
us-gaap Lease Cost
LeaseCost
7816000 USD
CY2019Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
58000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
115000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
4084000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7351000 USD
CY2019Q2 exr Cash Paid For Operating Activities Lessee
CashPaidForOperatingActivitiesLessee
4142000 USD
exr Cash Paid For Operating Activities Lessee
CashPaidForOperatingActivitiesLessee
7466000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
129511000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
225017000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8050000 USD
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P47Y3M18D
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y10M24D
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0607
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0368
CY2019Q2 exr Lessee Operating And Finance Lease Liability
LesseeOperatingAndFinanceLeaseLiability
235624000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10981000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
116000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Remainderof Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderofFiscalYear
11097000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22336000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
232000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
22568000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22531000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
237000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
22768000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
22494000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
255000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
22749000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
22520000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
255000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
22775000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
217489000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
16777000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
234266000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
318351000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
17872000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
336223000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
87535000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
13064000 USD
CY2019Q2 exr Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
100599000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
230816000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4808000 USD
CY2019Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12317000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10164000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23063000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20729000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23351000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21651000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46029000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43115000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54406000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
51892000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109065000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
103641000 USD
CY2019Q2 exr Gains Losses On Real Estate Transactionsand Earn Out From Prior Acquisitionand Saleof Other Assets
GainsLossesOnRealEstateTransactionsandEarnOutFromPriorAcquisitionandSaleofOtherAssets
1205000 USD
CY2018Q2 exr Gains Losses On Real Estate Transactionsand Earn Out From Prior Acquisitionand Saleof Other Assets
GainsLossesOnRealEstateTransactionsandEarnOutFromPriorAcquisitionandSaleofOtherAssets
0 USD
exr Gains Losses On Real Estate Transactionsand Earn Out From Prior Acquisitionand Saleof Other Assets
GainsLossesOnRealEstateTransactionsandEarnOutFromPriorAcquisitionandSaleofOtherAssets
1205000 USD
exr Gains Losses On Real Estate Transactionsand Earn Out From Prior Acquisitionand Saleof Other Assets
GainsLossesOnRealEstateTransactionsandEarnOutFromPriorAcquisitionandSaleofOtherAssets
0 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
47448000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
43347000 USD
us-gaap Interest Expense
InterestExpense
94808000 USD
us-gaap Interest Expense
InterestExpense
84313000 USD
CY2019Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1185000 USD
CY2018Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1176000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2347000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2385000 USD
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1718000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1188000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
3106000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
2626000 USD
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3121000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3429000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5751000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7026000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2715000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2097000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4528000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3439000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
112689000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
102713000 USD
us-gaap Profit Loss
ProfitLoss
214849000 USD
us-gaap Profit Loss
ProfitLoss
198143000 USD

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0001628280-19-010117-index-headers.html Edgar Link pending
0001628280-19-010117-index.html Edgar Link pending
0001628280-19-010117.txt Edgar Link pending
0001628280-19-010117-xbrl.zip Edgar Link pending
exr-20190630.xsd Edgar Link pending
exr-20190630_cal.xml Edgar Link unprocessable
exr-20190630_def.xml Edgar Link unprocessable
exr-20190630_lab.xml Edgar Link unprocessable
exr-20190630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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