EXRExtra Space Storage

Real estate · REIT · NYSE

Extra Space Storage Inc. (“we,” “our,” “us” or the “Company”) is a fully integrated, self-administered and self-managed real estate investment trust (“REIT”) formed as a Maryland corporation on April 30, 2004. 10-K, Item 1

Employees: 8,393
Headquarters: Salt Lake City, UT
CEO: Joseph D. Margolis
Next results: around Feb 18, 2027

Compare with peers → Embed

RevenueFY2016–25 $3.4B+3.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $974.0M+14.0% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.3B−8.5% FY2024: $1.4B 10-K FY2025 · XBRL Operating marginFY2016–25 41.8%+1.2 pts 46.2% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 20, 2026 against Feb 28, 2025

Area	What changed	Source
Risk factors	6 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 20, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.

The use of, or inability to take advantage of the benefits of, artificial intelligence by us presents risks and challenges that may adversely impact our business and operating results or may adversely impact the demand for storage with the Company. We have begun and may continue to use artificial intelligence and machine learning…
10-K, Item 1A

All 6 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +9.5% vs revenue +3.7% (+5.8 pts)
✓
Cash from operations $1.9B vs net income $974.0M (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Purchase Price Allocation
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 30, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 27, 20268-K Quarterly results 8-K item 2.02

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