Extra Space Storage balance sheet
At the end of fiscal 2025, Extra Space Storage had total assets of $29.26bn, total liabilities of $14.94bn and shareholders' equity of $13.43bn. It held $139m in cash against $1.49bn of debt: net debt of $1.36bn.
Balance sheet
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Goodwill | — | — | — | — | — | 0.0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Total assets | 7.1 | 7.5 | 7.8 | 8.5 | 9.4 | 10.5 | 12.2 | 27.5 | 28.8 | 29.3 | 29.0 |
| Long-term debt | — | 0.6 | — | — | — | — | — | — | — | — | — |
| Total debt | 3.2 | 3.8 | 2.9 | — | 1.2 | 1.7 | 2.3 | 2.7 | 2.7 | 1.5 | 1.5 |
| Total liabilities | 4.5 | 4.7 | 5.1 | 5.6 | 6.5 | 6.7 | 8.1 | 12.0 | 14.0 | 14.9 | 15.2 |
| Shareholders' equity | 2.2 | 2.4 | 2.4 | 2.5 | 2.5 | 3.1 | 3.3 | 14.4 | 13.9 | 13.4 | 12.8 |
| Non-controlling interests and other (assets − liabilities − equity) | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 0.8 | 1.0 | 0.9 | 0.9 | 0.9 |
| Net debt (negative = net cash) | 3.2 | 3.7 | 2.8 | −0.1 | 1.1 | 1.7 | 2.2 | 2.6 | 2.6 | 1.4 | 1.4 |
| Shares outstanding | 126m | 126m | 127m | 130m | 131m | 134m | 134m | 211m | 212m | 211m | 209m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Total assets | 28.8 | 29.0 | 29.4 | 29.2 | 29.3 | 29.1 | 29.7 | 29.0 |
| Total liabilities | 14.0 | 14.2 | 14.7 | 14.7 | 14.9 | 14.9 | 15.5 | 15.2 |
| Shareholders' equity | 13.9 | 13.9 | 13.8 | 13.6 | 13.4 | 13.3 | 13.3 | 12.8 |
| Non-controlling interests and other (assets − liabilities − equity) | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Shares outstanding | 212m | 212m | 212m | 212m | 211m | 211m | 211m | 209m |
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