Extra Space Storage (EXR) 10-K Summary — Year Ended Dec 31, 2023
The filing covers the company's annual results. Financial performance showed revenue growth and positive profitability.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing covers the company's annual results. Financial performance showed revenue growth and positive profitability.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$102M
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$803.2M
Net income reported for the year.
Operating cash flow
$1.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $66.3M | n/a |
| Dec 31, 2022 | $83.9M | +26.6% |
| Dec 31, 2023 | $102M | +21.6% |
Business overview
The company is Extra Space Storage Inc. The filing's business section is not provided in the supplied context, so no specific business description is available.
Financial performance
Revenue increased over the prior two years. Operating income and net income were positive, and operating cash flow was strong.
Material risks
The risk factors section is not detailed in the supplied filing context. No specific risks are identified from the provided data.
Liquidity and capital
The company intends to continue using leverage in its capital structure and evaluates financing decisions based on factors such as interest rates, flexibility, and debt maturities. No specific capital allocation actions are disclosed.
What to watch
The company's debt maturity schedule and leverage levels should be monitored in the next filing.