Extra Space Storage Inc. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $129.5M |
| Gross margin | — not reported |
| Operating income | $1.4B |
| Net income | $974.0M |
| Diluted EPS | $4.59 |
| Cash & equivalents | $138.9M |
| Total assets | $29.3B |
| Long-term debt | — not reported |
Key takeaway
Extra Space Storage owned or held interests in 2,425 operating stores and managed a total of 4,281 stores across 43 states and Washington, D.C. as of December 31, 2025.
🔒 4 more takeaways in the full analysis
Beneath the surface
The filing discloses $1.8 billion in outstanding debt securities and notes receivable, including $1.5 billion in a bridge loan program, representing meaningful credit risk exposure not evident from the balance sheet alone.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for EXR.
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