Short answer
Extra Space Storage (EXR) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $33M (up 8.9% year over year) with net income of $166M.
Q3 2025 key financials · XBRL
- Revenue
- $33M
- +8.9% YoY · +1.5% QoQ
- Net income
- $166M
- −14.1% YoY · −33.5% QoQ
- Operating margin
- 857.8%
- EPS (diluted)
- $0.78
- −14.3% YoY · −33.3% QoQ
Source: XBRL data from the Extra Space Storage (EXR) Q3 2025 10-Q on SEC EDGAR. USD.
Extra Space Storage Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $858.5M Q3 2025, up 4.1% YoY ($824.8M Q3 2024); Property rental $735.6M (+3.5%), tenant reinsurance $90.3M (+7.5%)
- Operating expenses up 2.8% Q3 2025 at $474.2M vs $461.3M Q3 2024; same-store net operating income down 2.5% YoY ($477.2M vs $489.4M)
- Best segment: Tenant reinsurance revenue growth +7.5% Q3 2025; Worst: Same-store net operating income down 2.5% YoY Q3
- Net cash provided by operating activities $1.48B YTD 2025, stable vs $1.48B YTD 2024; investing cash outflow decreased to $697.7M
- Management expects positive 2025 cash flow from operations; notes $111.9M cash on hand, $13.16B debt with 4.4% avg interest; no guidance update
Risk Factors
- No new risk factors added this quarter, consistent with prior 10-K disclosures
- No materially updated risk factors since December 31, 2024 10-K filing
- Continued regulatory risk includes potential impacts from evolving zoning and data privacy laws noted in 10-K
- Market risk from fluctuating occupancy rates and competitive supply pressures remain relevant near-term
- No changes in financial risks related to liquidity, debt maturities, or currency exposure described since 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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