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Extra Space Storage (Extra Space Storage) EBITDA : $1,816 Mil (TTM As of Dec. 2023)


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What is Extra Space Storage EBITDA?

Extra Space Storage's EBITDA for the three months ended in Dec. 2023 was $568 Mil. Its EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,816 Mil.

During the past 12 months, the average EBITDA Growth Rate of Extra Space Storage was 25.30% per year. During the past 3 years, the average EBITDA Growth Rate was 25.10% per year. During the past 5 years, the average EBITDA Growth Rate was 17.60% per year. During the past 10 years, the average EBITDA Growth Rate was 16.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.

During the past 13 years, the highest 3-Year average EBITDA Growth Rate of Extra Space Storage was 132.30% per year. The lowest was 2.20% per year. And the median was 24.20% per year.

Extra Space Storage's EBITDA per Share for the three months ended in Dec. 2023 was $2.69. Its EBITDA per share for the trailing twelve months (TTM) ended in Dec. 2023 was $10.49.

During the past 12 months, the average EBITDA per Share Growth Rate of Extra Space Storage was 4.90% per year. During the past 3 years, the average EBITDA per Share Growth Rate was 14.40% per year. During the past 5 years, the average EBITDA per Share Growth Rate was 13.00% per year. During the past 10 years, the average EBITDA per Share Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per share growth rate using EBITDA per Share data.

During the past 13 years, the highest 3-Year average EBITDA per Share Growth Rate of Extra Space Storage was 25.10% per year. The lowest was -18.40% per year. And the median was 11.65% per year.


Extra Space Storage EBITDA Historical Data

The historical data trend for Extra Space Storage's EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Extra Space Storage EBITDA Chart

Extra Space Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 873.56 928.14 1,306.14 1,449.57 1,815.89

Extra Space Storage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 377.73 371.78 386.76 489.27 568.09

Competitive Comparison of Extra Space Storage's EBITDA

For the REIT - Industrial subindustry, Extra Space Storage's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Extra Space Storage's EV-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Extra Space Storage's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's EV-to-EBITDA falls into.


Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.

Extra Space Storage's EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Extra Space Storage's EBITDA was directly provided by GuruFocus' data source Morningstar. For the fiscal year ended in Dec. 2023, Extra Space Storage's EBITDA was $1,816 Mil.

Extra Space Storage's EBITDA for the quarter that ended in Dec. 2023 is calculated as

Extra Space Storage's EBITDA was directly provided by GuruFocus' data source Morningstar. For the quarter ended in Dec. 2023, Extra Space Storage's EBITDA was $568 Mil.

EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,816 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sometimes companies may have already deducted Depreciation and Amortization from Gross Profit. In this case Depreciation and Amortization needs to be added back when calculating EBITDA.

Extra Space Storage  (NYSE:EXR) EBITDA Explanation

EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals Operating Income. Operating Income is profit before interest and taxes. Of course, Interest and taxes need to be paid.

While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.

The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.

EBITDA can be thought of as the cash a business generates that is available to:

Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners

EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses.. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.

A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.

Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.


Be Aware

Although depreciation is not a cash cost it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.

EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies. Also Price-to-EBITDA is sometimes used in valuations.


Extra Space Storage EBITDA Related Terms

Thank you for viewing the detailed overview of Extra Space Storage's EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Extra Space Storage (Extra Space Storage) Business Description

Traded in Other Exchanges
Address
2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
Executives
Joseph Saffire director 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Joseph D Margolis director C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Joseph J Bonner director 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Mark G Barberio director 19 WIK STREET, WILLIAMSVILLE NY 14221
Sue Harnett director P.O. BOX 195115, SAN JUAN PR 00919-5115
Jennifer Blouin director 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Matthew T Herrington officer: EVP & COO 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Gwyn Goodson Mcneal officer: EVP/Chief Legal Officer 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Samrat Sondhi officer: SVP Operations 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Jefferson Scott Shreve director 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Kenneth M. Woolley director 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
P Scott Stubbs officer: Senior VP Accounting 2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121
Diane Olmstead director 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Spencer Kirk director, officer: Chief Executive Officer 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
William N Springer officer: EVP, Assets & 3rd Party Mgmt 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121

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