Extra Space Storage Past Earnings Performance
Past criteria checks 3/6
Extrace Storage has been growing earnings at an average annual rate of 17.6%, while the Specialized REITs industry saw earnings growing at 21.1% annually. Revenues have been growing at an average rate of 11.3% per year. Extrace Storage's return on equity is 22.6%, and it has net margins of 42.1%.
Key information
17.6%
Earnings growth rate
16.0%
EPS growth rate
| Specialized REITs Industry Growth | 20.0% |
| Revenue growth rate | 11.3% |
| Return on equity | 22.6% |
| Net Margin | 42.1% |
| Last Earnings Update | 31 Mar 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Extra Space Storage makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 23 | 2,026 | 852 | 154 | 0 |
| 31 Dec 22 | 1,966 | 859 | 149 | 0 |
| 30 Sep 22 | 1,884 | 924 | 140 | 0 |
| 30 Jun 22 | 1,795 | 891 | 132 | 0 |
| 31 Mar 22 | 1,697 | 827 | 127 | 0 |
| 31 Dec 21 | 1,610 | 826 | 121 | 0 |
| 30 Sep 21 | 1,534 | 714 | 127 | 0 |
| 30 Jun 21 | 1,462 | 641 | 126 | 0 |
| 31 Mar 21 | 1,407 | 576 | 125 | 0 |
| 31 Dec 20 | 1,379 | 481 | 125 | 0 |
| 30 Sep 20 | 1,357 | 437 | 118 | 0 |
| 30 Jun 20 | 1,349 | 431 | 117 | 0 |
| 31 Mar 20 | 1,343 | 433 | 115 | 0 |
| 31 Dec 19 | 1,320 | 419 | 115 | 0 |
| 30 Sep 19 | 1,292 | 408 | 103 | 0 |
| 30 Jun 19 | 1,263 | 431 | 100 | 0 |
| 31 Mar 19 | 1,236 | 421 | 99 | 0 |
| 31 Dec 18 | 1,211 | 415 | 97 | 0 |
| 30 Sep 18 | 1,186 | 529 | 96 | 0 |
| 30 Jun 18 | 1,163 | 492 | 96 | 0 |
| 31 Mar 18 | 1,143 | 484 | 96 | 0 |
| 31 Dec 17 | 1,120 | 478 | 93 | 0 |
| 30 Sep 17 | 1,099 | 345 | 91 | 0 |
| 30 Jun 17 | 1,071 | 369 | 91 | 0 |
| 31 Mar 17 | 1,039 | 365 | 90 | 0 |
| 31 Dec 16 | 1,005 | 365 | 91 | 0 |
| 30 Sep 16 | 970 | 292 | 88 | 0 |
| 30 Jun 16 | 910 | 245 | 85 | 0 |
| 31 Mar 16 | 851 | 218 | 81 | 0 |
| 31 Dec 15 | 795 | 189 | 78 | 0 |
| 30 Sep 15 | 733 | 225 | 64 | 0 |
| 30 Jun 15 | 704 | 208 | 63 | 0 |
| 31 Mar 15 | 678 | 194 | 61 | 0 |
| 31 Dec 14 | 658 | 178 | 70 | 0 |
| 30 Sep 14 | 634 | 210 | 60 | 0 |
| 30 Jun 14 | 599 | 185 | 59 | 0 |
| 31 Mar 14 | 565 | 177 | 57 | 0 |
| 31 Dec 13 | 532 | 172 | 54 | 0 |
| 30 Sep 13 | 504 | 131 | 53 | 0 |
| 30 Jun 13 | 480 | 140 | 52 | 0 |
| 31 Mar 13 | 449 | 128 | 51 | 0 |
| 31 Dec 12 | 420 | 117 | 50 | 0 |
| 30 Sep 12 | 398 | 98 | 49 | 0 |
| 30 Jun 12 | 371 | 74 | 49 | 0 |
Quality Earnings: EXR * has high quality earnings.
Growing Profit Margin: EXR *'s current net profit margins (42.1%) are lower than last year (48.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EXR *'s earnings have grown by 17.6% per year over the past 5 years.
Accelerating Growth: EXR *'s earnings growth over the past year (3%) is below its 5-year average (17.6% per year).
Earnings vs Industry: EXR * earnings growth over the past year (3%) exceeded the Specialized REITs industry -5.6%.
Return on Equity
High ROE: Whilst EXR *'s Return on Equity (22.62%) is high, this metric is skewed due to their high level of debt.