2021 Q1 Form 10-Q Financial Statement

#000162828021008511 Filed on May 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $358.9M $332.5M
YoY Change 7.94% 6.71%
Cost Of Revenue $92.37M $90.30M
YoY Change 2.29% 14.64%
Gross Profit $266.5M $242.2M
YoY Change 10.05% 4.03%
Gross Profit Margin 74.26% 72.84%
Selling, General & Admin $23.50M $23.00M
YoY Change 2.17% 1.32%
% of Gross Profit 8.82% 9.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.60M $55.28M
YoY Change 6.01% 1.13%
% of Gross Profit 21.99% 22.83%
Operating Expenses $82.20M $78.30M
YoY Change 4.98% 1.16%
Operating Profit $241.1M $157.2M
YoY Change 53.36% 5.87%
Interest Expense $40.70M $44.36M
YoY Change -8.26% -6.34%
% of Operating Profit 16.88% 28.22%
Other Income/Expense, Net
YoY Change
Pretax Income $212.7M $113.3M
YoY Change 87.72% 11.8%
Income Tax $4.137M $2.179M
% Of Pretax Income 1.95% 1.92%
Net Earnings $203.0M $108.2M
YoY Change 87.65% 14.15%
Net Earnings / Revenue 56.57% 32.54%
Basic Earnings Per Share $1.54 $0.84
Diluted Earnings Per Share $1.53 $0.83
COMMON SHARES
Basic Shares Outstanding 132.0M shares 129.3M shares
Diluted Shares Outstanding 139.7M shares 137.1M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.30M $93.30M
YoY Change -35.37% 139.23%
Cash & Equivalents $60.33M $93.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $60.30M $93.30M
YoY Change -35.37% 139.23%
LONG-TERM ASSETS
Property, Plant & Equipment $8.183B $7.949B
YoY Change 2.94% 2.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $33.88M $342.4M
YoY Change -90.11% 112.67%
Other Assets $2.500M $4.600M
YoY Change -45.65% -41.03%
Total Long-Term Assets $9.276B $8.456B
YoY Change 9.7% 4.48%
TOTAL ASSETS
Total Short-Term Assets $60.30M $93.30M
Total Long-Term Assets $9.276B $8.456B
Total Assets $9.337B $8.549B
YoY Change 9.21% 5.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.0M $116.1M
YoY Change 11.11% 16.92%
Accrued Expenses $243.0M $270.2M
YoY Change -10.07% 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 $372.0M $386.3M
YoY Change -3.7% 90.39%
LONG-TERM LIABILITIES
Long-Term Debt $5.300B $5.126B
YoY Change 3.41% 2.49%
Other Long-Term Liabilities $349.6M $262.8M
YoY Change 33.03% 69.88%
Total Long-Term Liabilities $5.650B $5.389B
YoY Change 4.85% 4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $372.0M $386.3M
Total Long-Term Liabilities $5.650B $5.389B
Total Liabilities $6.022B $5.775B
YoY Change 4.28% 7.77%
SHAREHOLDERS EQUITY
Retained Earnings -$284.4M -$362.3M
YoY Change -21.48% 30.47%
Common Stock $3.284B $2.874B
YoY Change 14.24% 8.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.922B $2.398B
YoY Change
Total Liabilities & Shareholders Equity $9.337B $8.549B
YoY Change 9.21% 5.13%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $203.0M $108.2M
YoY Change 87.65% 14.15%
Depreciation, Depletion And Amortization $58.60M $55.28M
YoY Change 6.01% 1.13%
Cash From Operating Activities $203.9M $189.3M
YoY Change 7.73% 11.76%
INVESTING ACTIVITIES
Capital Expenditures -$176.5M -$46.60M
YoY Change 278.76% -79.7%
Acquisitions
YoY Change
Other Investing Activities $219.1M -$13.90M
YoY Change -1676.26% -20.11%
Cash From Investing Activities $42.60M -$60.57M
YoY Change -170.32% -75.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$273.7M $52.20M
YoY Change -624.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$311.7M -$101.5M
YoY Change 207.13% -296.02%
NET CHANGE
Cash From Operating Activities $203.9M $189.3M
Cash From Investing Activities $42.60M -$60.57M
Cash From Financing Activities -$311.7M -$101.5M
Net Change In Cash -$65.21M $27.20M
YoY Change -339.78% -205.16%
FREE CASH FLOW
Cash From Operating Activities $203.9M $189.3M
Capital Expenditures -$176.5M -$46.60M
Free Cash Flow $380.4M $235.9M
YoY Change 61.28% -40.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001289490
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 dei Entity File Number
EntityFileNumber
001-32269
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
EXTRA SPACE STORAGE INC.
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-1076777
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
2795 East Cottonwood Parkway, Suite 300
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Salt Lake City
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
UT
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
84121
CY2021Q1 dei City Area Code
CityAreaCode
801
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
365-4600
CY2021Q1 dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
CY2021Q1 dei Trading Symbol
TradingSymbol
EXR
CY2021Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
133728460 shares
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7944395000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7893802000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
238927000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
252172000 USD
CY2021Q1 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
413503000 USD
CY2020Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
397444000 USD
CY2021Q1 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
543725000 USD
CY2020Q4 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
593810000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60330000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
109124000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2465000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18885000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
133267000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
130611000 USD
CY2021Q1 us-gaap Assets
Assets
9336612000 USD
CY2020Q4 us-gaap Assets
Assets
9395848000 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
4947417000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
4797303000 USD
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
353000000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
949000000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
242952000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
263485000 USD
CY2021Q1 exr Cash Distributions In Unconsolidated Real Estate Ventures
CashDistributionsInUnconsolidatedRealEstateVentures
62089000 USD
CY2020Q4 exr Cash Distributions In Unconsolidated Real Estate Ventures
CashDistributionsInUnconsolidatedRealEstateVentures
47126000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
129044000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
130012000 USD
CY2021Q1 us-gaap Other Liabilities
OtherLiabilities
287461000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
272798000 USD
CY2021Q1 us-gaap Liabilities
Liabilities
6021963000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
6459724000 USD
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
133692662 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
133692662 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
131357961 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
131357961 shares
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
1336000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
1314000 USD
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3282255000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3000458000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77180000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-99093000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-284442000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-354900000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2921969000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2547779000 USD
CY2021Q1 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
172652000 USD
CY2020Q4 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
172052000 USD
CY2021Q1 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
220028000 USD
CY2020Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
216293000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3314649000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2936124000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9336612000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9395848000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
303593000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
286703000 USD
CY2021Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
39619000 USD
CY2020Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
33613000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15645000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12136000 USD
CY2021Q1 us-gaap Revenues
Revenues
358857000 USD
CY2020Q1 us-gaap Revenues
Revenues
332452000 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
92367000 USD
CY2020Q1 us-gaap Cost Of Revenue
CostOfRevenue
90297000 USD
CY2021Q1 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
7161000 USD
CY2020Q1 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
6678000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23540000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23011000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58599000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55275000 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
181667000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
175261000 USD
CY2021Q1 exr Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition And Sale Of Other Assets
GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisitionAndSaleOfOtherAssets
63883000 USD
CY2020Q1 exr Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition And Sale Of Other Assets
GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisitionAndSaleOfOtherAssets
0 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
241073000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
157191000 USD
CY2021Q1 exr Interest Expense Excluding Amortization Of Debt Discount Premium
InterestExpenseExcludingAmortizationOfDebtDiscountPremium
40695000 USD
CY2020Q1 exr Interest Expense Excluding Amortization Of Debt Discount Premium
InterestExpenseExcludingAmortizationOfDebtDiscountPremium
44358000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1209000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
12304000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1674000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
212682000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
113298000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6956000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5043000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4137000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2179000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
215501000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3680000 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3111000 USD
CY2021Q1 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
8823000 USD
CY2020Q1 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
4872000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
202998000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
108179000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132007556 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129288629 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139676548 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137139560 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.00
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.90
CY2021Q1 us-gaap Profit Loss
ProfitLoss
215501000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
23013000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-89244000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
238514000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
26918000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13603000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3613000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
224911000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23305000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2921694000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
944000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2980000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
52204000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-89244000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
8505000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.90
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
117197000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2774630000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2936124000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4254000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3652000 USD
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
273720000 USD
CY2021Q1 exr Noncontrolling Interest Other Decrease
NoncontrollingInterestOtherDecrease
50000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
215501000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23013000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9025000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.00
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
132540000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3314649000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
215501000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD
CY2021Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
58599000 USD
CY2020Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
55275000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2286000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2830000 USD
CY2021Q1 exr Amortization Of Debt Discount Premium Equity Component Of Senior Notes
AmortizationOfDebtDiscountPremiumEquityComponentOfSeniorNotes
0 USD
CY2020Q1 exr Amortization Of Debt Discount Premium Equity Component Of Senior Notes
AmortizationOfDebtDiscountPremiumEquityComponentOfSeniorNotes
1209000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
487000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
353000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3652000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2980000 USD
CY2021Q1 exr Noncash Interest Income
NoncashInterestIncome
8533000 USD
CY2020Q1 exr Noncash Interest Income
NoncashInterestIncome
0 USD
CY2021Q1 exr Gains Losses On Real Estate Transactions Net Of Impairment Of Real Estate
GainsLossesOnRealEstateTransactionsNetOfImpairmentOfRealEstate
63883000 USD
CY2020Q1 exr Gains Losses On Real Estate Transactions Net Of Impairment Of Real Estate
GainsLossesOnRealEstateTransactionsNetOfImpairmentOfRealEstate
0 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1863000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2539000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2737000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2490000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2691000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3727000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-664000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1691000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203880000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
189256000 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
161752000 USD
CY2020Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
30164000 USD
CY2021Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
14086000 USD
CY2020Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
15373000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
132733000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2021Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
250000 USD
CY2020Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6441000 USD
CY2021Q1 exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
31169000 USD
CY2020Q1 exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
0 USD
CY2021Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
25772000 USD
CY2020Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
7500000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
81250000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 USD
CY2021Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
697000 USD
CY2020Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
1095000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
42595000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60573000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-101486000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
273720000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1747000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
268000000 USD
CY2021Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
2193409000 USD
CY2020Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
192508000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1689000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4254000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
944000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
52204000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
132540000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117197000 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9025000 USD
CY2020Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8505000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-311689000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-65214000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27197000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128009000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70733000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62795000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97930000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
44887000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
41013000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1047000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
976000 USD
CY2021Q1 exr Noncontrolling Interest Decrease From Redemptions Of Operating Partnership Units
NoncontrollingInterestDecreaseFromRedemptionsOfOperatingPartnershipUnits
4005000 USD
CY2020Q1 exr Noncontrolling Interest Decrease From Redemptions Of Operating Partnership Units
NoncontrollingInterestDecreaseFromRedemptionsOfOperatingPartnershipUnits
330000 USD
CY2021Q1 exr Redemption Of Operating Partnership Units Held By Noncontrolling Interest Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsHeldByNoncontrollingInterestIncludingAdditionalPaidInCapital
4005000 USD
CY2020Q1 exr Redemption Of Operating Partnership Units Held By Noncontrolling Interest Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsHeldByNoncontrollingInterestIncludingAdditionalPaidInCapital
330000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2369000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
2369000 USD
CY2020Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
0 USD
CY2021Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
-41491000 USD
CY2020Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
0 USD
CY2021Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
41491000 USD
CY2020Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2021Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
1723000 USD
CY2020Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
960000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1723000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
960000 USD
CY2021Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
2724000 USD
CY2020Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2021Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
2724000 USD
CY2020Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
0 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
40993000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q1 exr Establishment Of Finance Lease Liability
EstablishmentOfFinanceLeaseLiability
40993000 USD
CY2020Q1 exr Establishment Of Finance Lease Liability
EstablishmentOfFinanceLeaseLiability
0 USD
CY2021Q1 exr Noncash Investment In Joint Venture
NoncashInvestmentInJointVenture
33878000 USD
CY2020Q1 exr Noncash Investment In Joint Venture
NoncashInvestmentInJointVenture
0 USD
CY2021Q1 exr Real Estate Assets Transferred For Investment In Joint Venture
RealEstateAssetsTransferredForInvestmentInJointVenture
33878000 USD
CY2020Q1 exr Real Estate Assets Transferred For Investment In Joint Venture
RealEstateAssetsTransferredForInvestmentInJointVenture
0 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION<div style="margin-top:6pt"><span style="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="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, 2021, the Company had direct and indirect equity interests in 1,206 stores. In addition, the Company managed 763 stores for third parties, bringing the total number of stores which it owns and/or manages to 1,969. 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>
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1206 store
CY2021Q1 exr Number Of Real Estate Properties Franchisees And Others
NumberOfRealEstatePropertiesFranchiseesAndOthers
763 store
CY2021Q1 exr Number Of Real Estate Properties Owned And Or Managed
NumberOfRealEstatePropertiesOwnedAndOrManaged
1969 store
CY2021Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
40 state
CY2021Q1 exr Number Of Operating Stores Held For Sale
NumberOfOperatingStoresHeldForSale
0 store
CY2021Q1 exr Average Share Price Per Share
AverageSharePricePerShare
121.07
CY2020Q1 exr Average Share Price Per Share
AverageSharePricePerShare
104.13
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
337839 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1555636 shares
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
202998000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
108179000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
312000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
163000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
202686000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
108016000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-163000 USD
CY2021Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
11894000 USD
CY2020Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
6171000 USD
CY2021Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
CY2020Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
214008000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
113778000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132007556 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129288629 shares
CY2021Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5800729 shares
CY2020Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5919705 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
211602 shares
CY2021Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
23409 shares
CY2020Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
844144 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139676548 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137139560 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2021Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
9 store
CY2021Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
151884000 USD
CY2021Q1 exr Payments To Acquire Assets Gross
PaymentsToAcquireAssetsGross
148940000 USD
CY2021Q1 exr Real Estate Property Acquisition Increase Assets Acquired And Liabilities Assumed Net
RealEstatePropertyAcquisitionIncreaseAssetsAcquiredAndLiabilitiesAssumedNet
-2944000 USD
CY2021Q1 exr Real Estate Property Asset Acquisition Consideration Transferred
RealEstatePropertyAssetAcquisitionConsiderationTransferred
151884000 USD
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 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
CY2021Q1 exr Number Of Stores Sold
NumberOfStoresSold
16 store
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
132759000 USD
CY2021Q1 exr Exchange Of Real Estate For Interest In Joint Venture
ExchangeOfRealEstateForInterestInJointVenture
33878000 USD
CY2021Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
64424000 USD
CY2021Q1 exr Equity Method Investment Number Of Properties
EquityMethodInvestmentNumberOfProperties
263 property
CY2021Q1 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
351414000 USD
CY2020Q4 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
350318000 USD
CY2021Q1 exr Number Of Stores Sold
NumberOfStoresSold
16 store
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
132759000 USD
CY2021Q1 exr Exchange Of Real Estate For Interest In Joint Venture
ExchangeOfRealEstateForInterestInJointVenture
33878000 USD
CY2021Q1 us-gaap Dividends Receivable
DividendsReceivable
12970000 USD
CY2020Q4 us-gaap Dividends Receivable
DividendsReceivable
4889000 USD
CY2021Q1 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
543725000 USD
CY2020Q4 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
593810000 USD
CY2020Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
300000000 USD
CY2020Q4 exr Debt Securities Held To Maturity Term
DebtSecuritiesHeldToMaturityTerm
P5Y
CY2020Q4 exr Debt Securities Held To Maturity Extension Option
DebtSecuritiesHeldToMaturityExtensionOption
2 extension_option
CY2020Q4 exr Debt Securities Held To Maturity Extension Term
DebtSecuritiesHeldToMaturityExtensionTerm
P1Y
CY2020Q4 exr Debt Securities Held To Maturity Period After Which Preferred Dividends Increase Annually
DebtSecuritiesHeldToMaturityPeriodAfterWhichPreferredDividendsIncreaseAnnually
P5Y
CY2021Q1 exr Financing Receivable Extension Option
FinancingReceivableExtensionOption
2 extension_option
CY2021Q1 exr Financing Receivable Extension Term
FinancingReceivableExtensionTerm
P1Y
CY2021Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
25772000 USD
CY2021Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
35059000 USD
CY2021Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
22 derivative
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2087311000 USD
CY2021Q1 exr Derivative With Contingent Features Fair Value Of Asset Liability Net
DerivativeWithContingentFeaturesFairValueOfAssetLiabilityNet
-78042000 USD
CY2021Q1 exr Derivative Instruments With Contingent Features Contingent Cash Settlement Value
DerivativeInstrumentsWithContingentFeaturesContingentCashSettlementValue
78042000 USD
CY2021Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
0 USD
CY2020Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4492000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1209000 USD
CY2021Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
5701000 USD
CY2019Q2 exr Number Of Sales Agents
NumberOfSalesAgents
9 sales_agent
CY2021Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1600000 shares
CY2021Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
129.13
CY2021Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
206573000 USD
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q1 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
100000000 USD
CY2020Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
100000000 USD
CY2021Q1 us-gaap Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
172652000 USD
CY2020Q4 us-gaap Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
172052000 USD
CY2014Q4 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
20230000 USD
CY2014Q4 exr Notes Receivable Stated Interest Rate
NotesReceivableStatedInterestRate
0.050
CY2014Q4 exr Notes Receivable Stated Interest Rate
NotesReceivableStatedInterestRate
0.050
CY2021Q1 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2021Q1 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2021Q1 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
131.03
CY2021Q1 us-gaap Preferred Units Outstanding
PreferredUnitsOutstanding
5795785 shares
CY2021Q1 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
759422000 USD
CY2021Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
5000 shares
CY2020Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed For Common Stock
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCommonStock
8862 shares
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15645000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12136000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23540000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23011000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58599000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55275000 USD
CY2021Q1 exr Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition And Sale Of Other Assets
GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisitionAndSaleOfOtherAssets
63883000 USD
CY2020Q1 exr Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition And Sale Of Other Assets
GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisitionAndSaleOfOtherAssets
0 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
40695000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
44358000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1209000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
12304000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1674000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6956000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5043000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4137000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2179000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
215501000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
116162000 USD

Files In Submission

Name View Source Status
0001628280-21-008511-index-headers.html Edgar Link pending
0001628280-21-008511-index.html Edgar Link pending
0001628280-21-008511.txt Edgar Link pending
0001628280-21-008511-xbrl.zip Edgar Link pending
exr-20210331.htm Edgar Link pending
exr-20210331.xsd Edgar Link pending
exr-20210331_cal.xml Edgar Link unprocessable
exr-20210331_def.xml Edgar Link unprocessable
exr-20210331_htm.xml Edgar Link completed
exr-20210331_lab.xml Edgar Link unprocessable
exr-20210331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
q1202110qex311.htm Edgar Link pending
q1202110qex312.htm Edgar Link pending
q1202110qex321.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending