EXR Extra Space Storage
FY2024 10-K
Extra Space Storage (EXR) filed its fiscal year 2024 10-K annual report with the SEC on Feb 28, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: fully integrated REIT owning, operating, managing self-storage properties across the U.S. with month-to-month rental units
- • Expanded management business operating 1,575 third-party stores, enhancing revenue, geographic footprint, and future acquisition pipeline
Management Discussion & Analysis
- • Revenue $3,256.9M, up 27.2% YoY; property rental $2,803.3M (+26.1%), tenant reinsurance $332.8M (+41.2%), management fees $120.9M (+18.5%)
- • Operating expenses $1,855.9M, up 33.5%; property operations $831.6M (+35.9%), tenant reinsurance $73.9M (+25.5%); operating margin approx. 43% (from revenues/expenses)
Financial SummaryXBRL
Revenue
$121M
Net Income
$855M
Operating Margin
1095.0%
Net Margin
707.2%
ROE
6.1%
Total Assets
$28.8B
EPS (Diluted)
$4.03
Operating Cash Flow
$1.9B
Source: XBRL data from Extra Space Storage FY2024 10-K filing on SEC EDGAR. All figures in USD.
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