Extra Operating Income from 2010 to 2024

EXR Stock

USD 166.88 1.84 1.11%

Extra Space Operating Income yearly trend continues to be relatively stable with very little volatility. Operating Income is likely to grow to about 1.2 B this year. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit Extra Space Storage generates from its operations. View All Fundamentals

Operating Income

First Reported

2002-12-31

Previous Quarter

359.4 M

Current Value

302.7 M

Quarterly Volatility

101.1 M

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Extra Space financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Extra Space's main balance sheet or income statement drivers, such as Depreciation And Amortization of 531.4 M, Interest Expense of 459.7 M or Total Revenue of 2.7 B, as well as many indicators such as Price To Sales Ratio of 6.04, Dividend Yield of 0.0442 or PTB Ratio of 2.15. Extra financial statements analysis is a perfect complement when working with Extra Space Valuation or Volatility modules.

Check out the analysis of Extra Space Correlation against competitors.

Latest Extra Space's Operating Income Growth Pattern

Below is the plot of the Operating Income of Extra Space Storage over the last few years. 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. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Extra Space's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Extra Space's overall financial position and show how it may be relating to other accounts over time.

Operating Income

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Operating Income

Timeline

Extra Operating Income Regression Statistics

	Arithmetic Mean	559,952,937
	Geometric Mean	335,642,319
	Coefficient Of Variation	70.89
	Mean Deviation	323,503,266
	Median	541,605,000
	Standard Deviation	396,958,895
	Sample Variance	157576.4T
	Range	1.2B
	R-Value	0.98
	Mean Square Error	5605.6T
	R-Squared	0.97
	Slope	87,284,366
	Total Sum of Squares	2206069.1T

Extra Operating Income History

	2024	1.2 B
	2023	1.2 B
	2022	1.1 B
	2021	976 M
	2020	666.1 M
	2019	635 M
	2018	619.7 M

Other Fundumenentals of Extra Space Storage

Non Operating Income Net Other

Extra Space Operating Income component correlations

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Total Liab	Common Stock	Property Plant Equipment	Net Debt	Retained Earnings	Net Receivables	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.98	1.0	0.97	0.97	-0.27	0.88	0.97	-0.49	0.89	0.93	0.51	-0.1	0.38	0.67	0.67	0.92	0.68	0.55	0.85	-0.4	0.7	0.96	-0.03	0.84	-0.88
Total Stockholder Equity	0.98		0.96	0.89	0.89	-0.19	0.75	0.89	-0.5	0.83	0.99	0.39	0.04	0.3	0.52	0.52	0.81	0.53	0.41	0.78	-0.3	0.58	0.99	-0.02	0.88	-0.94
Accounts Payable	1.0	0.96		0.97	0.98	-0.3	0.89	0.98	-0.49	0.91	0.92	0.55	-0.14	0.38	0.7	0.68	0.93	0.71	0.56	0.86	-0.39	0.72	0.95	-0.02	0.83	-0.86
Long Term Debt	0.97	0.89	0.97		1.0	-0.34	0.96	1.0	-0.44	0.9	0.81	0.58	-0.27	0.44	0.8	0.79	0.99	0.81	0.65	0.85	-0.49	0.76	0.86	0.03	0.75	-0.76
Total Liab	0.97	0.89	0.98	1.0		-0.34	0.96	1.0	-0.45	0.91	0.82	0.62	-0.24	0.46	0.8	0.79	0.98	0.81	0.67	0.88	-0.49	0.79	0.87	-0.05	0.75	-0.76
Common Stock	-0.27	-0.19	-0.3	-0.34	-0.34		-0.49	-0.32	0.59	-0.16	-0.13	-0.05	0.12	-0.49	-0.48	-0.41	-0.32	-0.47	-0.24	-0.15	0.15	-0.2	-0.09	0.05	-0.08	0.06
Property Plant Equipment	0.88	0.75	0.89	0.96	0.96	-0.49		0.96	-0.44	0.82	0.65	0.58	-0.31	0.57	0.9	0.88	0.98	0.9	0.71	0.8	-0.52	0.76	0.71	-0.05	0.61	-0.6
Net Debt	0.97	0.89	0.98	1.0	1.0	-0.32	0.96		-0.45	0.9	0.82	0.61	-0.23	0.45	0.8	0.79	0.98	0.81	0.66	0.87	-0.48	0.79	0.87	-0.04	0.76	-0.77
Retained Earnings	-0.49	-0.5	-0.49	-0.44	-0.45	0.59	-0.44	-0.45		-0.16	-0.51	-0.04	-0.35	-0.55	-0.29	-0.46	-0.33	-0.34	-0.16	-0.19	-0.07	-0.27	-0.42	0.23	-0.41	0.43
Net Receivables	0.89	0.83	0.91	0.9	0.91	-0.16	0.82	0.9	-0.16		0.77	0.77	-0.42	0.13	0.68	0.55	0.9	0.68	0.58	0.95	-0.41	0.81	0.86	0.07	0.74	-0.73
Total Current Assets	0.93	0.99	0.92	0.81	0.82	-0.13	0.65	0.82	-0.51	0.77		0.34	0.11	0.23	0.41	0.41	0.72	0.42	0.31	0.72	-0.22	0.52	0.98	-0.02	0.87	-0.95
Short Term Debt	0.51	0.39	0.55	0.58	0.62	-0.05	0.58	0.61	-0.04	0.77	0.34		-0.55	0.06	0.59	0.42	0.63	0.62	0.53	0.78	-0.27	0.88	0.44	-0.05	0.45	-0.25
Short Term Investments	-0.1	0.04	-0.14	-0.27	-0.24	0.12	-0.31	-0.23	-0.35	-0.42	0.11	-0.55		0.35	-0.36	-0.19	-0.35	-0.35	-0.19	-0.23	0.17	-0.38	-0.01	-0.66	0.04	-0.12
Intangible Assets	0.38	0.3	0.38	0.44	0.46	-0.49	0.57	0.45	-0.55	0.13	0.23	0.06	0.35		0.68	0.7	0.45	0.68	0.51	0.28	-0.35	0.35	0.19	-0.58	0.29	-0.12
Net Tangible Assets	0.67	0.52	0.7	0.8	0.8	-0.48	0.9	0.8	-0.29	0.68	0.41	0.59	-0.36	0.68		0.83	0.86	1.0	0.7	0.68	-0.54	0.76	0.47	-0.1	0.55	-0.26
Total Permanent Equity	0.67	0.52	0.68	0.79	0.79	-0.41	0.88	0.79	-0.46	0.55	0.41	0.42	-0.19	0.7	0.83		0.83	0.85	0.66	0.56	-0.45	0.61	0.46	-0.14	0.39	-0.38
Long Term Debt Total	0.92	0.81	0.93	0.99	0.98	-0.32	0.98	0.98	-0.33	0.9	0.72	0.63	-0.35	0.45	0.86	0.83		0.86	0.7	0.85	-0.54	0.79	0.79	0.02	0.67	-0.67
Capital Surpluse	0.68	0.53	0.71	0.81	0.81	-0.47	0.9	0.81	-0.34	0.68	0.42	0.62	-0.35	0.68	1.0	0.85	0.86		0.71	0.69	-0.51	0.79	0.48	-0.12	0.56	-0.27
Deferred Long Term Liab	0.55	0.41	0.56	0.65	0.67	-0.24	0.71	0.66	-0.16	0.58	0.31	0.53	-0.19	0.51	0.7	0.66	0.7	0.71		0.7	-0.73	0.74	0.4	-0.38	0.34	-0.29
Long Term Investments	0.85	0.78	0.86	0.85	0.88	-0.15	0.8	0.87	-0.19	0.95	0.72	0.78	-0.23	0.28	0.68	0.56	0.85	0.69	0.7		-0.46	0.85	0.8	-0.25	0.7	-0.68
Short Long Term Debt	-0.4	-0.3	-0.39	-0.49	-0.49	0.15	-0.52	-0.48	-0.07	-0.41	-0.22	-0.27	0.17	-0.35	-0.54	-0.45	-0.54	-0.51	-0.73	-0.46		-0.58	-0.29	0.18	-0.27	0.19
Cash And Equivalents	0.7	0.58	0.72	0.76	0.79	-0.2	0.76	0.79	-0.27	0.81	0.52	0.88	-0.38	0.35	0.76	0.61	0.79	0.79	0.74	0.85	-0.58		0.59	-0.18	0.63	-0.4
Net Invested Capital	0.96	0.99	0.95	0.86	0.87	-0.09	0.71	0.87	-0.42	0.86	0.98	0.44	-0.01	0.19	0.47	0.46	0.79	0.48	0.4	0.8	-0.29	0.59		0.02	0.88	-0.94
Net Working Capital	-0.03	-0.02	-0.02	0.03	-0.05	0.05	-0.05	-0.04	0.23	0.07	-0.02	-0.05	-0.66	-0.58	-0.1	-0.14	0.02	-0.12	-0.38	-0.25	0.18	-0.18	0.02		-0.02	0.01
Capital Stock	0.84	0.88	0.83	0.75	0.75	-0.08	0.61	0.76	-0.41	0.74	0.87	0.45	0.04	0.29	0.55	0.39	0.67	0.56	0.34	0.7	-0.27	0.63	0.88	-0.02		-0.69
Current Deferred Revenue	-0.88	-0.94	-0.86	-0.76	-0.76	0.06	-0.6	-0.77	0.43	-0.73	-0.95	-0.25	-0.12	-0.12	-0.26	-0.38	-0.67	-0.27	-0.29	-0.68	0.19	-0.4	-0.94	0.01	-0.69

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About Extra Space Financial Statements

Extra Space shareholders use historical fundamental indicators, such as Operating Income, to determine how well the company is positioned to perform in the future. Although Extra Space investors may analyze each financial statement separately, they are all interrelated. The changes in Extra Space's assets and liabilities, for example, are also reflected in the revenues and expenses on on Extra Space's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Operating Income	1.2 B	1.2 B
Non Operating Income Net Other	57.2 M	60 M

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

0.83

First Industrial Realty

Pair Corr

Moving against Extra Stock

0.73	AKR	Acadia Realty Trust	Pair Corr
0.68	UE	Urban Edge Properties Sell-off Trend	Pair Corr
0.6	WELL	Welltower	Pair Corr
0.47	EQIX	Equinix	Pair Corr
0.41	AAT	American Assets Trust	Pair Corr

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 Correlation Correlation Matching

Additional Tools for Extra Stock Analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.

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Extra Operating Income from 2010 to 2024

Latest Extra Space's Operating Income Growth Pattern

Extra Operating Income Regression Statistics

Extra Operating Income History

Other Fundumenentals of Extra Space Storage

Extra Space Operating Income component correlations

About Extra Space Financial Statements

Pair Trading with Extra Space

Moving together with Extra Stock

Moving against Extra Stock

Additional Tools for Extra Stock Analysis

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