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EXR (Extra Space Storage) Gross Profit : $2,350 Mil (TTM As of Sep. 2024)


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What is Extra Space Storage Gross Profit?

Extra Space Storage's gross profit for the three months ended in Sep. 2024 was $598 Mil. Extra Space Storage's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $2,350 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Extra Space Storage's gross profit for the three months ended in Sep. 2024 was $598 Mil. Extra Space Storage's Revenue for the three months ended in Sep. 2024 was $825 Mil. Therefore, Extra Space Storage's Gross Margin % for the quarter that ended in Sep. 2024 was 72.53%.

Extra Space Storage had a gross margin of 72.53% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Extra Space Storage was 75.63%. The lowest was 71.46%. And the median was 73.35%.


Extra Space Storage Gross Profit Historical Data

The historical data trend for Extra Space Storage's Gross Profit 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 Gross Profit Chart

Extra Space Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 943.03 969.10 1,179.27 1,455.27 1,889.33

Extra Space Storage Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit 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 543.71 581.56 576.52 594.13 598.26

Competitive Comparison of Extra Space Storage's Gross Profit

For the REIT - Industrial subindustry, Extra Space Storage's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Extra Space Storage's Gross Profit distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's Gross Profit falls into.



Extra Space Storage Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=2560.244 - 670.91
=1,889

Extra Space Storage's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=824.804 - 226.545
=598

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,350 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Extra Space Storage's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=598 / 824.804
=72.53 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Extra Space Storage  (NYSE:EXR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Extra Space Storage had a gross margin of 72.53% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Extra Space Storage Gross Profit Related Terms

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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 3,800 self-storage properties in 42 states, with over 285 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
Diane Olmstead director 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph D Margolis director C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Kenneth M. Woolley director 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
Gwyn Goodson Mcneal officer: EVP/Chief Legal Officer 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph J Bonner 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
Samrat Sondhi officer: SVP Operations 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph Saffire director 6467 MAIN STREET, WILLIAMSVILLE NY 14221
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
Jefferson Scott Shreve director 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
P Scott Stubbs officer: Senior VP Accounting 2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121
Spencer Kirk director, officer: Chief Executive Officer 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121