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Extra Space Storage (FRA:FG8) Pretax Margin %

: 29.05% (As of Dec. 2023)
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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Extra Space Storage's Pre-Tax Income for the three months ended in Dec. 2023 was €212 Mil. Extra Space Storage's Revenue for the three months ended in Dec. 2023 was €732 Mil. Therefore, Extra Space Storage's pretax margin for the quarter that ended in Dec. 2023 was 29.05%.

The historical rank and industry rank for Extra Space Storage's Pretax Margin % or its related term are showing as below:

FRA:FG8' s Pretax Margin % Range Over the Past 10 Years
Min: 28.21   Med: 38.66   Max: 56.94
Current: 34.06


FRA:FG8's Pretax Margin % is ranked better than
50.13% of 796 companies
in the REITs industry
Industry Median: 33.875 vs FRA:FG8: 34.06

Extra Space Storage Pretax Margin % Historical Data

The historical data trend for Extra Space Storage's Pretax Margin % 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
Pretax Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.34 39.18 56.94 48.96 34.06

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
Pretax Margin % 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 Premium Member Only Premium Member Only Premium Member Only 44.38 42.38 43.27 27.51 29.05

Competitive Comparison

For the REIT - Industrial subindustry, Extra Space Storage's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution

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

* The bar in red indicates where Extra Space Storage's Pretax Margin % falls into.



Extra Space Storage Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=799.635/2347.744
=34.06 %

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

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=212.495/731.559
=29.05 %

* 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.


Extra Space Storage  (FRA:FG8) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Extra Space Storage Pretax Margin % Related Terms

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Extra Space Storage (FRA:FG8) 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.

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