2020 Q1 Form 10-Q Financial Statement

#000162828020007222 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $332.5M $311.5M
YoY Change 6.71% 9.13%
Cost Of Revenue $90.30M $78.77M
YoY Change 14.64% 8.26%
Gross Profit $242.2M $232.8M
YoY Change 4.03% 9.42%
Gross Profit Margin 72.84% 74.72%
Selling, General & Admin $23.00M $22.70M
YoY Change 1.32% 5.58%
% of Gross Profit 9.5% 9.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.28M $54.66M
YoY Change 1.13% 5.62%
% of Gross Profit 22.83% 23.48%
Operating Expenses $78.30M $77.40M
YoY Change 1.16% 5.74%
Operating Profit $157.2M $148.5M
YoY Change 5.87% 10.88%
Interest Expense $44.36M $47.36M
YoY Change -6.34% 15.61%
% of Operating Profit 28.22% 31.9%
Other Income/Expense, Net
YoY Change
Pretax Income $113.3M $101.3M
YoY Change 11.8% 8.77%
Income Tax $2.179M $1.813M
% Of Pretax Income 1.92% 1.79%
Net Earnings $108.2M $94.77M
YoY Change 14.15% 7.38%
Net Earnings / Revenue 32.54% 30.42%
Basic Earnings Per Share $0.84 $0.74
Diluted Earnings Per Share $0.83 $0.74
COMMON SHARES
Basic Shares Outstanding 129.3M shares 127.0M shares
Diluted Shares Outstanding 137.1M shares 134.3M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.30M $39.00M
YoY Change 139.23% 9.86%
Cash & Equivalents $93.30M $38.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $93.30M $39.00M
YoY Change 139.23% 9.86%
LONG-TERM ASSETS
Property, Plant & Equipment $7.949B $7.783B
YoY Change 2.14% 8.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $342.4M $161.0M
YoY Change 112.67% 151.96%
Other Assets $4.600M $7.800M
YoY Change -41.03% -57.84%
Total Long-Term Assets $8.456B $8.094B
YoY Change 4.48% 8.86%
TOTAL ASSETS
Total Short-Term Assets $93.30M $39.00M
Total Long-Term Assets $8.456B $8.094B
Total Assets $8.549B $8.133B
YoY Change 5.13% 8.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.1M $99.30M
YoY Change 16.92% -8.82%
Accrued Expenses $270.2M $103.6M
YoY Change 160.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $386.3M $202.9M
YoY Change 90.39% 86.32%
LONG-TERM LIABILITIES
Long-Term Debt $5.126B $5.001B
YoY Change 2.49% 10.78%
Other Long-Term Liabilities $262.8M $154.7M
YoY Change 69.88% 18.36%
Total Long-Term Liabilities $5.389B $5.156B
YoY Change 4.52% 10.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $386.3M $202.9M
Total Long-Term Liabilities $5.389B $5.156B
Total Liabilities $5.775B $5.359B
YoY Change 7.77% 12.72%
SHAREHOLDERS EQUITY
Retained Earnings -$362.3M -$277.7M
YoY Change 30.47% 5.43%
Common Stock $2.874B $2.650B
YoY Change 8.46% 3.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.398B $2.384B
YoY Change
Total Liabilities & Shareholders Equity $8.549B $8.133B
YoY Change 5.13% 8.86%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $108.2M $94.77M
YoY Change 14.15% 7.38%
Depreciation, Depletion And Amortization $55.28M $54.66M
YoY Change 1.13% 5.62%
Cash From Operating Activities $189.3M $169.3M
YoY Change 11.76% -1.32%
INVESTING ACTIVITIES
Capital Expenditures -$46.60M -$229.6M
YoY Change -79.7% 159.73%
Acquisitions
YoY Change
Other Investing Activities -$13.90M -$17.40M
YoY Change -20.11% -130.31%
Cash From Investing Activities -$60.57M -$247.0M
YoY Change -75.47% 698.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.20M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$101.5M $51.77M
YoY Change -296.02% -129.99%
NET CHANGE
Cash From Operating Activities $189.3M $169.3M
Cash From Investing Activities -$60.57M -$247.0M
Cash From Financing Activities -$101.5M $51.77M
Net Change In Cash $27.20M -$25.86M
YoY Change -205.16% -19.13%
FREE CASH FLOW
Cash From Operating Activities $189.3M $169.3M
Capital Expenditures -$46.60M -$229.6M
Free Cash Flow $235.9M $398.9M
YoY Change -40.88% 53.43%

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CY2019Q1 exr Amortization Of Debt Discount Premium Equity Component Of Senior Notes
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OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020Q1 us-gaap Payments To Acquire Real Estate
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CY2020Q1 us-gaap Proceeds From Issuance Of Secured Debt
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ProceedsFromStockOptionsExercised
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CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2020Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2019Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51774000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27197000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72690000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97930000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46828000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
41013000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2020Q1 us-gaap Income Taxes Paid Net
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CY2019Q1 us-gaap Income Taxes Paid Net
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CY2020Q1 us-gaap Conversion Of Stock Amount Converted1
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330000 USD
CY2019Q1 us-gaap Conversion Of Stock Amount Converted1
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3310000 USD
CY2020Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
330000 USD
CY2019Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
3310000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2020Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
0 USD
CY2019Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
104863000 USD
CY2020Q1 exr Establishment Of Operating Lease Right Of Use Assets And Lease Liabilities Increase Decrease In Accounts Payable And Accrued Expenses
EstablishmentOfOperatingLeaseRightOfUseAssetsAndLeaseLiabilitiesIncreaseDecreaseInAccountsPayableAndAccruedExpenses
0 USD
CY2019Q1 exr Establishment Of Operating Lease Right Of Use Assets And Lease Liabilities Increase Decrease In Accounts Payable And Accrued Expenses
EstablishmentOfOperatingLeaseRightOfUseAssetsAndLeaseLiabilitiesIncreaseDecreaseInAccountsPayableAndAccruedExpenses
9357000 USD
CY2020Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
0 USD
CY2019Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
19937000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
17157000 USD
CY2020Q1 exr Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
0 USD
CY2019Q1 exr Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
2780000 USD
CY2020Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
960000 USD
CY2019Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
780000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
960000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
780000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION<div style="margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company invests in stores by acquiring wholly-owned stores or by acquiring an equity interest in real estate entities. At March 31, 2020, the Company had direct and indirect equity interests in 1,176 stores. In addition, the Company managed 676 stores for third parties, bringing the total number of stores which it owns and/or manages to 1,852. These stores are located in 40 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>
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1176 store
CY2020Q1 exr Number Of Real Estate Properties Franchisees And Others
NumberOfRealEstatePropertiesFranchiseesAndOthers
676 store
CY2020Q1 exr Number Of Real Estate Properties Owned And Or Managed
NumberOfRealEstatePropertiesOwnedAndOrManaged
1852 store
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
40 state
CY2020Q1 exr Number Of Parcels Of Land Held For Sale
NumberOfParcelsOfLandHeldForSale
1 land_parcel
CY2020Q1 exr Average Share Price Per Share
AverageSharePricePerShare
104.13
CY2019Q1 exr Average Share Price Per Share
AverageSharePricePerShare
96.05
CY2020Q1 exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1555636 shares
CY2019Q1 exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
1649282 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
108179000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
94770000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
163000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
167000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
108016000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
94603000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-163000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2020Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
6171000 USD
CY2019Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
5429000 USD
CY2020Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
CY2019Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
113778000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99460000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129288629 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127037247 shares
CY2020Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5919705 shares
CY2019Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5960981 shares
CY2020Q1 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
875480 shares
CY2019Q1 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
875480 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
211602 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2020Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
844144 shares
CY2019Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
416008 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137139560 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134289716 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2020Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
2 store
CY2020Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
19399000 USD
CY2020Q1 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
19354000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2020Q1 exr Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
0 USD
CY2020Q1 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-45000 USD
CY2020Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
19399000 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 Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
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
RealEstatePropertyAssetAcquisitionConsiderationTransferred
223740000 USD
CY2019Q1 exr Number Of Real Estate Properties Acquired Previous Noncontrolling Interest Held
NumberOfRealEstatePropertiesAcquiredPreviousNoncontrollingInterestHeld
12 store
CY2020Q1 exr Contributions To Equity Method Investments Including Noncash Amounts
ContributionsToEquityMethodInvestmentsIncludingNoncashAmounts
6441000 USD
CY2020Q1 exr Number Of Real Estate Properties Acquired By Joint Ventures
NumberOfRealEstatePropertiesAcquiredByJointVentures
1 store
CY2020Q1 exr Number Of Stores Acquired At Issuance Of Certificate Of Occupancy
NumberOfStoresAcquiredAtIssuanceOfCertificateOfOccupancy
2 store
CY2020Q1 exr Equity Method Investment Number Of Properties
EquityMethodInvestmentNumberOfProperties
244 property
CY2020Q1 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
296692000 USD
CY2019Q4 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
292790000 USD
CY2017Q4 exr Variable Interest Entity Interest In Trust Number
VariableInterestEntityInterestInTrustNumber
3 subsidiary
CY2020Q1 exr Variable Interest Entity Interest In Consolidated Joint Ventures Number
VariableInterestEntityInterestInConsolidatedJointVenturesNumber
0 joint_venture
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
32595000 USD
CY2020Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
25 derivative
CY2020Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2396948000 USD
CY2020Q1 exr Derivative With Contingent Features Fair Value Of Asset Liability Net
DerivativeWithContingentFeaturesFairValueOfAssetLiabilityNet
-116411000 USD
CY2020Q1 exr Derivative Instruments With Contingent Features Contingent Cash Settlement Value
DerivativeInstrumentsWithContingentFeaturesContingentCashSettlementValue
116411000 USD
CY2020Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4492000 USD
CY2019Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4492000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1209000 USD
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1162000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
5701000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
5654000 USD
CY2019Q2 exr Number Of Sales Agents
NumberOfSalesAgents
9 sales_agent
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
653597 shares
CY2020Q1 exr Stock Repurchased During Period Average Cost Per Share
StockRepurchasedDuringPeriodAverageCostPerShare
79.85
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
52204000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
347796000 USD
CY2020Q1 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
100000000 USD
CY2014Q4 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
20230000 USD
CY2020Q1 exr Notes Receivable Stated Interest Rate
NotesReceivableStatedInterestRate
0.050
CY2020Q1 exr Note Receivable Reduction Of Noncontrolling Interests
NoteReceivableReductionOfNoncontrollingInterests
18524000 USD
CY2020Q1 exr Notes Receivable Stated Interest Rate
NotesReceivableStatedInterestRate
0.050
CY2020Q1 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
87.07
CY2020Q1 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
5915916 shares
CY2020Q1 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
515099000 USD
CY2020Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
8862 shares
CY2019Q4 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
85501 shares
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12136000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10746000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23011000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22678000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55275000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54659000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
44358000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
47360000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1209000 USD
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1162000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1674000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1388000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5043000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2630000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2179000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1813000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
102160000 USD

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