Extra Historical Income Statement

EXR Stock  USD 147.00  0.25  0.17%   
Historical analysis of Extra Space income statement accounts such as Gross Profit of 2.6 B or Other Operating Expenses of 361.5 M can show how well Extra Space Storage performed in making a profits. Evaluating Extra Space income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Extra Space's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Extra Space Storage latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Extra Space Storage is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

About Extra Income Statement Analysis

Extra Space Storage Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Extra Space shareholders. The income statement also shows Extra investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Extra Space Income Statement Chart

Extra Space Storage Income Statement is one of the three primary financial statements used for reporting Extra's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Extra Space Storage revenue and expense. Extra Space Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Extra Space's Total Operating Expenses is relatively stable compared to the past year. As of 03/29/2024, Net Income is likely to grow to about 843.4 M, while Cost Of Revenue is likely to drop slightly above 52.1 M.

Total Revenue

Total revenue comprises all receipts Extra Space Storage generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Extra Space Storage minus its cost of goods sold. It is profit before Extra Space operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Extra Space Storage. It is also known as Extra Space overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Extra Space Storage operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Extra Space Storage is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Extra Space's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
At this time, Extra Space's Total Operating Expenses is relatively stable compared to the past year. As of 03/29/2024, Net Income is likely to grow to about 843.4 M, while Cost Of Revenue is likely to drop slightly above 52.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.5B2.5B2.6B
Total Revenue1.6B1.9B2.6B2.7B

Extra Space income statement Correlations

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-0.6-0.54-0.690.56-0.42-0.46-0.50.48-0.31-0.420.720.49-0.46-0.30.73-0.09-0.560.14-0.08-0.38-0.250.82-0.66
0.98-0.540.980.390.980.991.00.480.940.840.18-0.770.980.94-0.80.80.90.320.110.63-0.1-0.820.84
0.98-0.690.980.220.940.950.970.310.880.820.0-0.770.950.88-0.840.710.90.240.110.62-0.03-0.890.87
0.30.560.390.220.510.470.430.990.580.380.97-0.210.470.590.00.660.260.480.060.2-0.380.10.07
0.93-0.420.980.940.511.00.990.580.980.860.31-0.810.970.98-0.730.880.920.290.050.67-0.11-0.720.81
0.95-0.460.990.950.471.01.00.550.980.880.27-0.810.980.98-0.740.860.920.320.10.68-0.09-0.730.82
0.97-0.51.00.970.430.991.00.510.960.870.22-0.790.990.96-0.770.830.910.320.10.66-0.08-0.780.84
0.390.480.480.310.990.580.550.510.650.450.94-0.280.550.66-0.060.730.340.50.060.27-0.370.020.16
0.88-0.310.940.880.580.980.980.960.650.850.41-0.830.931.0-0.630.930.910.290.020.67-0.1-0.60.76
0.8-0.420.840.820.380.860.880.870.450.850.22-0.810.820.85-0.720.750.860.240.160.850.09-0.550.75
0.090.720.180.00.970.310.270.220.940.410.22-0.070.260.420.170.570.070.420.020.11-0.350.29-0.06
-0.730.49-0.77-0.77-0.21-0.81-0.81-0.79-0.28-0.83-0.81-0.07-0.74-0.820.68-0.76-0.960.140.01-0.83-0.410.52-0.82
0.97-0.460.980.950.470.970.980.990.550.930.820.26-0.740.94-0.750.80.870.380.130.64-0.08-0.750.81
0.88-0.30.940.880.590.980.980.960.661.00.850.42-0.820.94-0.630.930.90.310.030.67-0.1-0.60.76
-0.810.73-0.8-0.840.0-0.73-0.74-0.77-0.06-0.63-0.720.170.68-0.75-0.63-0.48-0.75-0.03-0.16-0.65-0.160.83-0.83
0.72-0.090.80.710.660.880.860.830.730.930.750.57-0.760.80.93-0.480.790.27-0.030.67-0.06-0.420.74
0.86-0.560.90.90.260.920.920.910.340.910.860.07-0.960.870.9-0.750.790.040.070.780.2-0.670.85
0.30.140.320.240.480.290.320.320.50.290.240.420.140.380.31-0.030.270.040.25-0.04-0.4-0.150.06
0.11-0.080.110.110.060.050.10.10.060.020.160.020.010.130.03-0.16-0.030.070.25-0.020.09-0.04-0.01
0.6-0.380.630.620.20.670.680.660.270.670.850.11-0.830.640.67-0.650.670.78-0.04-0.020.39-0.370.77
-0.04-0.25-0.1-0.03-0.38-0.11-0.09-0.08-0.37-0.10.09-0.35-0.41-0.08-0.1-0.16-0.060.2-0.40.090.390.090.26
-0.870.82-0.82-0.890.1-0.72-0.73-0.780.02-0.6-0.550.290.52-0.75-0.60.83-0.42-0.67-0.15-0.04-0.370.09-0.8
0.86-0.660.840.870.070.810.820.840.160.760.75-0.06-0.820.810.76-0.830.740.850.06-0.010.770.26-0.8
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Extra Space Account Relationship Matchups

Extra Space income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization237.4M243.9M189.4M386.5M506.1M531.4M
Interest Expense191.3M172.3M166.2M219.2M(419.0M)(398.1M)
Total Revenue1.3B1.4B1.6B1.9B2.6B2.7B
Gross Profit943.0M969.1M1.2B1.5B2.5B2.6B
Other Operating Expenses674.7M708.1M742.2M886.5M201.2M361.5M
Operating Income635.0M666.1M976.0M1.1B1.2B1.2B
Ebit635.0M666.1M976.0M1.1B1.2B1.3B
Ebitda872.4M910.1M1.2B1.4B1.7B1.8B
Total Operating Expenses309.3M321.0M344.1M417.6M146.4M193.9M
Net Income420.0M481.8M827.6M860.7M803.2M843.4M
Income Tax Expense11.3M13.8M20.3M20.9M21.6M22.6M
Cost Of Revenue365.4M387.1M398.1M468.9M54.8M52.1M
Minority Interest12.5M12.9M(50.1M)(60.5M)(51.2M)(48.6M)
Selling General Administrative89.4M96.6M102.2M129.3M146.4M153.7M
Income Before Tax462.4M531.4M898.1M942.1M872.0M915.6M
Total Other Income Expense Net(172.5M)(134.7M)(77.9M)(108.3M)(364.9M)(346.6M)
Net Income Applicable To Common Shares420.0M481.8M827.6M859.5M988.4M1.0B
Net Income From Continuing Ops439.8M495.2M877.8M921.2M842.5M431.4M
Non Operating Income Net Other15.1M14.0M11.5M49.7M57.2M60.0M
Tax Provision11.3M13.8M20.3M20.9M22.6M15.8M
Interest Income7.5M15.2M49.7M108.3M79.9M43.9M
Net Interest Income(183.8M)(157.1M)(116.5M)(149.7M)(290.7M)(276.1M)
Reconciled Depreciation219.9M224.4M241.9M288.3M389.8M277.6M

Extra Space Investors Sentiment

The influence of Extra Space's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Extra. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Extra Space's public news can be used to forecast risks associated with an investment in Extra. The trend in average sentiment can be used to explain how an investor holding Extra can time the market purely based on public headlines and social activities around Extra Space Storage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Extra Space's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Extra Space's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Extra Space's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Extra Space.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Extra Space in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Extra Space's short interest history, or implied volatility extrapolated from Extra Space options trading.

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

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Moving against Extra Stock

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The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Extra Space Storage is a strong investment it is important to analyze Extra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extra Space's future performance. For an informed investment choice regarding Extra Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.35)
Dividend Share
6.48
Earnings Share
4.74
Revenue Per Share
15.454
Quarterly Revenue Growth
0.572
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.