EXR Extra Space Storage

Q3 2025 10-Q
Filed: Oct 31, 2025Period ending Sep 30, 2025
Financials
Real Estate Investment TrustsSEC EDGAR

Extra Space Storage (EXR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

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)
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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
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Quarterly Financial Summary
XBRL

Revenue

$33M

+8.9% YoY +1.5% QoQ

Net Income

$166M

-14.1% YoY -33.5% QoQ

Operating Margin

857.8%

-15529bp YoY -30930bp QoQ

Net Margin

510.2%

-13641bp YoY -26922bp QoQ

ROE

1.2%

Total Assets

$29.2B

EPS (Diluted)

$0.78

-14.3% YoY -33.3% QoQ

Operating Cash Flow

$457M

-2.4% YoY -15.9% QoQ

Source: XBRL data from Extra Space Storage Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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