EXTRA SPACE STORAGE INC. EXR Income Statement

Extra space storage inc. (EXR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Property rental
1,130,177	1,039,340	967,229	864,742	676,138	559,868	446,682	346,874	268,725	232,447	238,256	235,695
Tenant reinsurance
128,387	115,507	98,401	87,291	71,971	59,072	47,317	36,816	31,181	25,928	20,929	16,091
Management fees and other income
49,890	41,757	39,379	39,842	34,161	28,215	26,614	25,706	29,924	23,122	20,961	20,945
Total revenues
1,308,454	1,196,604	1,105,009	991,875	782,270	647,155	520,613	409,396	329,830	281,497	280,146	272,731
Expenses:
Property operations
336,050	291,695	271,974	250,005	203,965	172,416	140,012	114,028	95,481	86,165	88,935	84,522
Tenant reinsurance
29,376	25,707	19,173	15,555	13,033	10,427	9,022	7,869	6,143	6,505	5,461	5,066
Acquisition related costs and other
-	-	-	12,111	69,401	9,826	8,618	5,351	2,896	1,235	19,011	1,727
Loss on sublease
-	-	-	-	-	-	-	-	-	2,000	-	-
Severance costs
-	-	-	-	-	-	-	-	2,137	-	2,225	-
General and administrative
89,418	81,256	78,961	81,806	67,758	60,942	54,246	50,454	49,683	44,428	40,224	39,388
Depreciation and amortization
219,857	209,050	193,296	182,560	133,457	115,076	95,232	74,453	58,014	50,349	52,403	49,566
Total expenses
674,701	607,708	563,404	542,037	487,614	368,687	307,130	252,155	214,354	190,682	208,259	180,269
Gains (Losses) On Real Estate Transactions, Net Of Impairment Of Real Estate
1,205	30,807	112,789	8,465	1,501	-10,285	960	-	-	-	-	-
Income from operations
634,958	619,703	654,394	458,303	294,656	278,468	213,483	157,241	115,476	90,815	71,887	92,462
Interest expense
186,526	178,436	153,511	133,479	95,682	81,330	71,630	71,850	67,301	64,116	67,579	64,611
Property casualty loss, net
-	-	-	-	-	1,724	-	-	-	-	-	-
Loss on extinguishment of debt related to portfolio acquisition
-	-	-	-	-	-	-9,153	-	-	-	27,928	6,311
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes
4,742	4,687	5,103	4,980	3,310	2,683	1,404	444	1,761	1,664	2,239	4,060
Interest income
7,467	5,292	6,736	10,998	3,461	1,607	749	1,816	1,027	898	1,582	3,399
Interest income on note receivable from Preferred Operating Partnership unit holder
-	-	-	-	4,850	4,850	4,850	4,850	4,850	4,850	4,850	4,850
Loss on sale of investments available for sale
-	-	-	-	-	-	-	-	-	-	-	1,415
Income before equity in earnings of unconsolidated real estate entities and income tax expense
451,157	441,872	502,516	330,842	205,476	188,903	137,855	91,613	52,291	30,783	36,429	36,936
Equity in earnings and dividend income from unconsolidated real estate entities
11,274	14,452	15,331	12,895	12,351	10,541	11,653	10,859	7,287	6,753	6,964	6,932
Gain (Loss) On Sale Of Real Estate Assets And Purchase Of Partners Interests
-	-	-	69,199	2,857	4,022	46,032	30,630	-	-	-	-
Income tax expense
11,308	9,244	3,625	15,847	11,148	7,570	9,984	5,413	1,155	4,162	4,300	519
Net income
451,123	447,080	514,222	397,089	209,536	195,896	185,556	127,689	58,423	33,374	39,093	43,349
Net income allocated to Preferred Operating Partnership noncontrolling interests
12,492	13,995	14,989	14,700	11,718	10,991	8,006	6,876	6,289	6,048	6,186	6,269
Net income allocated to Operating Partnership and other noncontrolling interests
18,664	17,796	20,220	16,262	8,344	6,550	5,474	3,504	1,685	995	930	1,299
Net income attributable to common stockholders
419,967	415,289	479,013	366,127	189,474	178,355	172,076	117,309	50,449	26,331	31,977	35,781
Earnings per common share
Basic (in dollars per share)
3.27	3.29	3.79	2.92	1.58	1.54	1.54	1.15	0.55	0.30	0.37	0.46
Diluted (in dollars per share)
3.24	3.27	3.76	2.91	1.56	1.53	1.53	1.14	0.54	0.30	0.37	0.46
Weighted average number of shares
Basic (in shares)
128,203	126,087	125,967	125,087	119,816	115,713	111,349	101,766	91,301	87,324	86,343	76,996
Diluted (in shares)
136,433	133,159	134,155	125,948	126,918	121,435	113,105	103,767	93,633	92,050	91,082	82,352
Cash dividends paid per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.38	1.00