10-Q quarterly report · filed May 2, 2025

Extra Space Storage (EXR) Q1 2025 10-Q Quarterly Report

Short answer

Extra Space Storage (EXR) filed its Q1 2025 10-Q quarterly report on May 2, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $31M (up 2.5% year over year) with net income of $271M.

Q1 2025 key financials · XBRL

Revenue
$31M
+2.5% YoY
Net income
$271M
+27.1% YoY
Operating margin
1257.8%
EPS (diluted)
$1.28
+26.7% YoY

Source: XBRL data from the Extra Space Storage (EXR) Q1 2025 10-Q on SEC EDGAR. USD.

Extra Space Storage Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • No new risk factors added this quarter; risk factors consistent with prior 10-K disclosures
  • Most materially updated risk: increased development costs due to additional regulatory requirements related to climate change
  • Regulatory risk: maintaining REIT status under U.S. federal income tax laws critical to tax treatment and financial results
  • Operational risk: competition from new stores and alternative storage solutions impacting rents and occupancy rates
  • Financial risk: disruptions in credit markets affecting ability to raise capital and availability of financing at reasonable rates

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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