$EXR
Extra Space Storage Inc.

2023 Q2 Form 10-Q Financial Statement

#000162828023015789 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $511.4M $503.1M
YoY Change 7.66% 13.41%
Cost Of Revenue $114.6M $117.2M
YoY Change 9.96% 13.16%
Gross Profit $396.7M $385.9M
YoY Change 7.02% 13.49%
Gross Profit Margin 77.58% 76.71%
Selling, General & Admin $34.84M $34.76M
YoY Change 11.49% 16.8%
% of Gross Profit 8.78% 9.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.09M $78.49M
YoY Change 14.51% 15.59%
% of Gross Profit 19.93% 20.34%
Operating Expenses $113.9M $113.3M
YoY Change 13.57% 15.96%
Operating Profit $273.3M $263.5M
YoY Change -0.84% 12.0%
Interest Expense $86.37M $80.10M
YoY Change 81.97% 88.3%
% of Operating Profit 31.6% 30.39%
Other Income/Expense, Net
YoY Change
Pretax Income $208.0M $202.9M
YoY Change -14.48% -4.19%
Income Tax $5.986M $4.308M
% Of Pretax Income 2.88% 2.12%
Net Earnings $202.4M $196.3M
YoY Change -12.8% -3.57%
Net Earnings / Revenue 39.58% 39.02%
Basic Earnings Per Share $1.50 $1.46
Diluted Earnings Per Share $1.50 $1.46
COMMON SHARES
Basic Shares Outstanding 135.0M shares 135.0M shares
Diluted Shares Outstanding 143.5M shares 142.9M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.64M $47.95M
YoY Change -13.77% -27.32%
Cash & Equivalents $50.64M $47.95M
Short-Term Investments
Other Short-Term Assets $67.08M $55.57M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $117.7M $103.5M
YoY Change 100.45% 56.91%
LONG-TERM ASSETS
Property, Plant & Equipment $42.66M $43.72M
YoY Change 22.64% -99.52%
Goodwill $170.8M $170.8M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $1.099B $956.6M
YoY Change 22.33% 16.49%
Other Assets $2.269M $2.491M
YoY Change -80.16% -62.75%
Total Long-Term Assets $12.25B $12.03B
YoY Change 11.55% 14.28%
TOTAL ASSETS
Total Short-Term Assets $117.7M $103.5M
Total Long-Term Assets $12.25B $12.03B
Total Assets $12.37B $12.13B
YoY Change 12.02% 14.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $212.4M $178.2M
YoY Change 23.56% 30.18%
Accrued Expenses $228.3M $234.3M
YoY Change -4.22% -3.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $440.8M $412.4M
YoY Change 7.42% 8.62%
LONG-TERM LIABILITIES
Long-Term Debt $7.493B $7.332B
YoY Change 17.3% 21.94%
Other Long-Term Liabilities $396.5M $355.8M
YoY Change 14.09% 10.75%
Total Long-Term Liabilities $7.889B $7.688B
YoY Change 17.13% 21.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $440.8M $412.4M
Total Long-Term Liabilities $7.889B $7.688B
Total Liabilities $8.330B $8.100B
YoY Change 16.58% 20.65%
SHAREHOLDERS EQUITY
Retained Earnings -$175.9M -$159.6M
YoY Change 10.59% 25.44%
Common Stock $3.385B $3.378B
YoY Change 1.47% 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.256B $3.253B
YoY Change
Total Liabilities & Shareholders Equity $12.37B $12.13B
YoY Change 12.02% 14.55%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $202.4M $196.3M
YoY Change -12.8% -3.57%
Depreciation, Depletion And Amortization $79.09M $78.49M
YoY Change 14.51% 15.59%
Cash From Operating Activities $347.9M $281.6M
YoY Change -1.43% -2.02%
INVESTING ACTIVITIES
Capital Expenditures $102.6M $67.99M
YoY Change -139.67% -131.11%
Acquisitions
YoY Change
Other Investing Activities -$168.7M -$18.35M
YoY Change -11.28% -118.89%
Cash From Investing Activities -$271.2M -$86.34M
YoY Change -39.54% -28.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.16M -$242.6M
YoY Change -179.54% 43.03%
NET CHANGE
Cash From Operating Activities 347.9M $281.6M
Cash From Investing Activities -271.2M -$86.34M
Cash From Financing Activities -74.16M -$242.6M
Net Change In Cash 2.471M -$47.29M
YoY Change -198.84% 1240.5%
FREE CASH FLOW
Cash From Operating Activities $347.9M $281.6M
Capital Expenditures $102.6M $67.99M
Free Cash Flow $245.3M $213.7M
YoY Change -59.88% -57.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001289490
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
001-32269
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
EXTRA SPACE STORAGE INC.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-1076777
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
2795 East Cottonwood Parkway, Suite 300
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Salt Lake City
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
UT
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
84121
CY2023Q1 dei City Area Code
CityAreaCode
801
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
365-4600
CY2023Q1 dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
CY2023Q1 dei Trading Symbol
TradingSymbol
EXR
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
135049531 shares
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
9991446000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
9997978000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
226483000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
221725000 usd
CY2023Q1 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
600617000 usd
CY2022Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
582412000 usd
CY2023Q1 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
863913000 usd
CY2022Q4 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
858049000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47951000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92868000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
402259000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
414426000 usd
CY2023Q1 us-gaap Assets
Assets
12132669000 usd
CY2022Q4 us-gaap Assets
Assets
12167458000 usd
CY2023Q1 us-gaap Other Notes Payable
OtherNotesPayable
1306301000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
1288555000 usd
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
2672668000 usd
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
2340116000 usd
CY2023Q1 us-gaap Senior Notes
SeniorNotes
3258329000 usd
CY2022Q4 us-gaap Senior Notes
SeniorNotes
2757791000 usd
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
94500000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
945000000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
234255000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
229035000 usd
CY2023Q1 exr Cash Distributions In Unconsolidated Real Estate Ventures
CashDistributionsInUnconsolidatedRealEstateVentures
68284000 usd
CY2022Q4 exr Cash Distributions In Unconsolidated Real Estate Ventures
CashDistributionsInUnconsolidatedRealEstateVentures
67352000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
178156000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
171680000 usd
CY2023Q1 us-gaap Other Liabilities
OtherLiabilities
287475000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
289655000 usd
CY2023Q1 us-gaap Liabilities
Liabilities
8099968000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
8089184000 usd
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
135007280 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
135007280 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
133921020 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
133921020 shares
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
1350000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1339000 usd
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3376458000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3345332000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
35081000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
48798000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-159556000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-135872000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
3253333000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3259597000 usd
CY2023Q1 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
222940000 usd
CY2022Q4 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
261502000 usd
CY2023Q1 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
556428000 usd
CY2022Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
557175000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4032701000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4078274000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12132669000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12167458000 usd
CY2023Q1 us-gaap Lease Income
LeaseIncome
433962000 usd
CY2022Q1 us-gaap Lease Income
LeaseIncome
379808000 usd
CY2023Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
47704000 usd
CY2022Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
43797000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21384000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19957000 usd
CY2023Q1 us-gaap Revenues
Revenues
503050000 usd
CY2022Q1 us-gaap Revenues
Revenues
443562000 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
117166000 usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
103542000 usd
CY2023Q1 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
9089000 usd
CY2022Q1 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
7042000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34763000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29762000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78490000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67906000 usd
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
239508000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
4333000 usd
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
208252000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
263542000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
235310000 usd
CY2023Q1 exr Interest Expense Excluding Amortization Of Debt Discount Premium
InterestExpenseExcludingAmortizationOfDebtDiscountPremium
80099000 usd
CY2022Q1 exr Interest Expense Excluding Amortization Of Debt Discount Premium
InterestExpenseExcludingAmortizationOfDebtDiscountPremium
42538000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
19438000 usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
18989000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
202881000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
211761000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10305000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9097000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4308000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3141000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
208878000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
217717000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
2254000 usd
CY2023Q1 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
10320000 usd
CY2022Q1 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
9805000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
196304000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
203579000 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134511273 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134180175 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142940384 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141581862 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.62
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.50
CY2023Q1 us-gaap Profit Loss
ProfitLoss
208878000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
217717000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-14510000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
51649000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
194368000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
269366000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
11781000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16784000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
182587000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
252582000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3785976000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
4544000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
40963000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
217717000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
51649000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14111000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.50
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
202527000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3878164000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4078274000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
5499000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7449000 usd
CY2023Q1 exr Noncontrolling Interest Increase From Transactions With Other Noncontrolling Interests Net
NoncontrollingInterestIncreaseFromTransactionsWithOtherNoncontrollingInterestsNet
1391000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
208878000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14510000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14078000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.62
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
219988000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4032701000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
208878000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
217717000 usd
CY2023Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
78490000 usd
CY2022Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
67906000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2604000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1984000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
462000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
474000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5499000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4542000 usd
CY2023Q1 exr Noncash Interest Income
NoncashInterestIncome
8574000 usd
CY2022Q1 exr Noncash Interest Income
NoncashInterestIncome
9951000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3789000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2795000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2650000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6209000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4724000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7665000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11573000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
15872000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
281649000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
287465000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-86339000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
47296000 usd
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
195805000 usd
CY2023Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
16762000 usd
CY2022Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
14716000 usd
CY2023Q1 exr Payments For Investment In Unconsolidated Real Estate Entities
PaymentsForInvestmentInUnconsolidatedRealEstateEntities
21062000 usd
CY2022Q1 exr Payments For Investment In Unconsolidated Real Estate Entities
PaymentsForInvestmentInUnconsolidatedRealEstateEntities
4321000 usd
CY2023Q1 exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
0 usd
CY2022Q1 exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
342000 usd
CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
58378000 usd
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
134408000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
21828000 usd
CY2022Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
195803000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
39261000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
39718000 usd
CY2023Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
3930000 usd
CY2022Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
7985000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121372000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1381592000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
889829000 usd
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
1879049000 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
1230924000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
500000000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
400000000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6080000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5842000 usd
CY2023Q1 exr Cash Portion Of Redemption Of Preferred Operating Partnership Units
CashPortionOfRedemptionOfPreferredOperatingPartnershipUnits
0 usd
CY2022Q1 exr Cash Portion Of Redemption Of Preferred Operating Partnership Units
CashPortionOfRedemptionOfPreferredOperatingPartnershipUnits
2672000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5000000 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3375000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
219988000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
202527000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
14078000 usd
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
14110000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-242603000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-169621000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47293000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3528000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97735000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76194000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50442000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72666000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92868000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71126000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
4867000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
5068000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97735000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76194000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47951000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65978000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
2491000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
6688000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50442000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72666000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
78656000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
43197000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1910000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
703000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1440000 usd
CY2023Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
0 usd
CY2022Q1 exr Establishment Of Operating Lease Liability
EstablishmentOfOperatingLeaseLiability
1440000 usd
CY2023Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
0 usd
CY2022Q1 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
40492000 usd
CY2023Q1 exr Issuance Of Equity For Acquisition Of Real Estate Assets
IssuanceOfEquityForAcquisitionOfRealEstateAssets
0 usd
CY2022Q1 exr Issuance Of Equity For Acquisition Of Real Estate Assets
IssuanceOfEquityForAcquisitionOfRealEstateAssets
40965000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
274000 usd
CY2023Q1 exr Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
0 usd
CY2022Q1 exr Investments In Real Estate Joint Ventures Net Of Distributions Received
InvestmentsInRealEstateJointVenturesNetOfDistributionsReceived
-747000 usd
CY2023Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
1752000 usd
CY2022Q1 exr Real Estate Additions Portion Not Yet Paid
RealEstateAdditionsPortionNotYetPaid
2236000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1752000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2236000 usd
CY2023Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
33403000 usd
CY2022Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
CY2023Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
-33403000 usd
CY2022Q1 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
0 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION<div style="margin-top:6pt;text-indent:24.75pt"><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 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, which meets the definition of a variable interest entity and is consolidated. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. </span></div><div style="text-indent:24.75pt"><span><br/></span></div><div style="text-indent:24.75pt"><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, 2023, the Company had direct and indirect equity interests in 1,457 stores. In addition, the Company managed 931 stores for third parties, bringing the total number of stores which it owns and/or manages to 2,388. These stores are located in 41 states and Washington, D.C. The Company also offers tenant reinsurance at its owned and managed stores that insures the value of goods in the storage units.</span></div>
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1457 store
CY2023Q1 exr Number Of Real Estate Properties Franchisees And Others
NumberOfRealEstatePropertiesFranchiseesAndOthers
931 store
CY2023Q1 exr Number Of Real Estate Properties Owned And Or Managed
NumberOfRealEstatePropertiesOwnedAndOrManaged
2388 store
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
41 state
CY2023Q1 exr Number Of Operating Stores Held For Sale
NumberOfOperatingStoresHeldForSale
0 store
CY2023Q1 us-gaap Land
Land
2362399000 usd
CY2022Q4 us-gaap Land
Land
2356746000 usd
CY2023Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
9491340000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
9425468000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
140871000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
136259000 usd
CY2023Q1 exr Real Estate Investment Property Intangible Tenant Relationships
RealEstateInvestmentPropertyIntangibleTenantRelationships
152707000 usd
CY2022Q4 exr Real Estate Investment Property Intangible Tenant Relationships
RealEstateInvestmentPropertyIntangibleTenantRelationships
152775000 usd
CY2023Q1 exr Real Estate Investment Property Intangible Lease Rights
RealEstateInvestmentPropertyIntangibleLeaseRights
12943000 usd
CY2022Q4 exr Real Estate Investment Property Intangible Lease Rights
RealEstateInvestmentPropertyIntangibleLeaseRights
12943000 usd
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12160260000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12084191000 usd
CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2218705000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2138524000 usd
CY2023Q1 exr Net Operating Real Estate Assets
NetOperatingRealEstateAssets
9941555000 usd
CY2022Q4 exr Net Operating Real Estate Assets
NetOperatingRealEstateAssets
9945667000 usd
CY2023Q1 us-gaap Development In Process
DevelopmentInProcess
49891000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
52311000 usd
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
9991446000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
9997978000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
170811000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
170811000 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
84682000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
85937000 usd
CY2023Q1 exr Prepaid Expense And Deposits
PrepaidExpenseAndDeposits
55574000 usd
CY2022Q4 exr Prepaid Expense And Deposits
PrepaidExpenseAndDeposits
50318000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43716000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
42808000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
40180000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
54839000 usd
CY2023Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4805000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4846000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
2491000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
4867000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
402259000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
414426000 usd
CY2023Q1 exr Average Share Price Per Share
AverageSharePricePerShare
157.15
CY2022Q1 exr Average Share Price Per Share
AverageSharePricePerShare
198.83
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
213606 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1216196 shares
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
196304000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
203579000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
304000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
286000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
196000000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
203293000 usd
CY2023Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
12128000 usd
CY2022Q1 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
11693000 usd
CY2023Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
0 usd
CY2022Q1 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
572000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
208128000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
214414000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134511273 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134180175 shares
CY2023Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
7214649 shares
CY2022Q1 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
6520781 shares
CY2023Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
4406 shares
CY2022Q1 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
5426 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142940384 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141581862 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2023Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
1 store
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13111000 usd
CY2023Q1 exr Noncash Or Part Noncash Acquisition Finance Lease Liability
NoncashOrPartNoncashAcquisitionFinanceLeaseLiability
0 usd
CY2023Q1 exr Asset Acquisition Consideration Transferred Investment In Real Estate Joint Ventures
AssetAcquisitionConsiderationTransferredInvestmentInRealEstateJointVentures
0 usd
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
-6000 usd
CY2023Q1 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
0 usd
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
13117000 usd
CY2022Q1 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
14 store
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
185910000 usd
CY2022Q1 exr Noncash Or Part Noncash Acquisition Finance Lease Liability
NoncashOrPartNoncashAcquisitionFinanceLeaseLiability
0 usd
CY2022Q1 exr Asset Acquisition Consideration Transferred Investment In Real Estate Joint Ventures
AssetAcquisitionConsiderationTransferredInvestmentInRealEstateJointVentures
747000 usd
CY2022Q1 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
-274000 usd
CY2022Q1 exr Real Estate Property Asset Acquisition Consideration Transferred Equity Interest Issued Or Issuable
RealEstatePropertyAssetAcquisitionConsiderationTransferredEquityInterestIssuedOrIssuable
40965000 usd
CY2022Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
227896000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1930816000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1592021000 usd
CY2023Q1 exr Equity Method Investment Number Of Stores
EquityMethodInvestmentNumberOfStores
323 property
CY2023Q1 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
532333000 usd
CY2022Q4 exr Investment In Unconsolidated Real Estate Entities Net Of Distributions
InvestmentInUnconsolidatedRealEstateEntitiesNetOfDistributions
515060000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
20622000 usd
CY2023Q1 exr Equity Method Investments Number Of Stores Acquired
EquityMethodInvestmentsNumberOfStoresAcquired
5 store
CY2023Q1 us-gaap Dividends Receivable
DividendsReceivable
56028000 usd
CY2022Q4 us-gaap Dividends Receivable
DividendsReceivable
66170000 usd
CY2023Q1 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
863913000 usd
CY2022Q4 exr Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable
DebtSecuritiesHeldToMaturityAndFinancingReceivableAfterAllowanceForCreditLossAndInterestReceivable
858049000 usd
CY2020Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
300000000 usd
CY2020Q4 exr Debt Securities Held To Maturity Term
DebtSecuritiesHeldToMaturityTerm
P6Y
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
P6Y
CY2020Q3 exr Notes Receivable Collateral Number Of Facilities
NotesReceivableCollateralNumberOfFacilities
62 store
CY2023Q1 exr Financing Receivable Extension Option
FinancingReceivableExtensionOption
2 extension_option
CY2023Q1 exr Financing Receivable Extension Term
FinancingReceivableExtensionTerm
P1Y
CY2023Q1 exr Debt Instrument Fixed Rate Debt To Total Debt Rate
DebtInstrumentFixedRateDebtToTotalDebtRate
0.707
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.036
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.060
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.043
CY2023Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
30899000 usd
CY2023Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
18 derivative
CY2023Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1782610000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
186766 shares
CY2022Q1 exr Number Of Stores Acquired With Issuance Of Common Stock
NumberOfStoresAcquiredWithIssuanceOfCommonStock
2 store
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
40965000 usd
CY2021Q3 exr Number Of Sales Agents
NumberOfSalesAgents
10 sales_agent
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
63008000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
381786 shares
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
336992000 usd
CY2022Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
100000000 usd
CY2023Q1 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
222940000 usd
CY2022Q4 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
261502000 usd
CY2023Q1 exr Notes Receivable Stated Interest Rate
NotesReceivableStatedInterestRate
0.050
CY2023Q1 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2023Q1 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2023Q1 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
155.29
CY2023Q1 us-gaap Preferred Units Outstanding
PreferredUnitsOutstanding
7214649 shares
CY2023Q1 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
1120363000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
80099000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
42538000 usd
CY2022Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
0 shares
CY2021Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
13028 shares
CY2022Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed Cash Paid
NoncontrollingInterestOperatingPartnershipUnitsRedeemedCashPaid
0 usd
CY2021Q1 exr Noncontrolling Interest Operating Partnership Units Redeemed Cash Paid
NoncontrollingInterestOperatingPartnershipUnitsRedeemedCashPaid
2672000 usd
CY2023Q1 exr Real Estate Consolidated Joint Ventures Number
RealEstateConsolidatedJointVenturesNumber
5 joint_venture
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21384000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19957000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34763000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29762000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78490000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67906000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
19438000 usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
18989000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10305000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9097000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4308000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3141000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
208878000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
217717000 usd

Files In Submission

Name View Source Status
0001628280-23-015789-index-headers.html Edgar Link pending
0001628280-23-015789-index.html Edgar Link pending
0001628280-23-015789.txt Edgar Link pending
0001628280-23-015789-xbrl.zip Edgar Link pending
exr-20230331.htm Edgar Link pending
exr-20230331.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
q1202310qex221.htm Edgar Link pending
q1202310qex311.htm Edgar Link pending
q1202310qex312.htm Edgar Link pending
q1202310qex321.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
exr-20230331_cal.xml Edgar Link unprocessable
exr-20230331_def.xml Edgar Link unprocessable
exr-20230331_lab.xml Edgar Link unprocessable
exr-20230331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
exr-20230331_htm.xml Edgar Link completed
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
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending