Extra Space Storage (EXR) Q3 2025 10-Q Quarterly Report
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.
Extra Space Storage Q3 2025 10-Q Analysis
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
Extra Space Storage Q3 2025 Quarterly FinancialsXBRL
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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