Extra Space Storage (FRA:FG8) Total Assets

: €25,177 Mil (As of Dec. 2023)

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Extra Space Storage's Total Assets for the quarter that ended in Dec. 2023 was €25,177 Mil.

Warning Sign:

If a company builds assets at 23.8% a year, faster than its revenue growth rate of 11.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Extra Space Storage's average Total Assets Growth Rate was 126.60% per year. During the past 3 years, the average Total Assets Growth Rate was 43.40% per year. During the past 5 years, the average Total Assets Growth Rate was 23.80% per year. During the past 10 years, the average Total Assets Growth Rate was 15.90% per year.

During the past 13 years, Extra Space Storage's highest 3-Year average Total Assets Growth Rate was 62.30%. The lowest was 2.70%. And the median was 17.85%.

Total Assets is connected with ROA %. Extra Space Storage's annualized ROA % for the quarter that ended in Dec. 2023 was 3.11%. Total Assets is also linked to Revenue through Asset Turnover. Extra Space Storage's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Extra Space Storage Total Assets Historical Data

The historical data trend for Extra Space Storage's Total Assets 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

7,679.14

7,723.39

9,269.91

11,486.08

25,177.39

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
Total Assets																11,486.08	11,331.91	11,413.31	25,885.39	25,177.39

Extra Space Storage Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	14134.591	+	11042.801
	=	25,177

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

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	14134.591	+	11042.801
	=	25,177

Extra Space Storage (FRA:FG8) Total Assets Explanation

Total Assets is connected with ROA %.

Extra Space Storage's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	792.78	/	( (25885.391	+	25177.392)	/ 2 )
	=	792.78	/	25531.3915
	=	3.11 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Extra Space Storage's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	731.559	/	( (25885.391	+	25177.392)	/ 2 )
=	731.559	/	25531.3915
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Extra Space Storage Total Assets Related Terms

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Extra Space Storage (FRA:FG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EXR:USA FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

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.

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