Extra Space Storage
0.64 %
0.24 %
Yet to be announced
Company Overview
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.
Revenue Sources
PassBased on the financial data and SEC filings, Extra Space Storage's primary revenue comes from self-storage unit rentals and property management services. These core business activities are halal as they involve legitimate rental of physical assets and provision of real services. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $820.0m | $584.98m | - | $153.71m | 0.00% | 26.28% |
| Dec. 31, 2024 | $821.9m | $591.5m | - | $149.64m | 0.00% | 25.30% |
| Sept. 30, 2024 | $824.8m | $675.92m | - | $153.86m | 0.00% | 22.76% |
| June 30, 2024 | $810.66m | $653.89m | - | $147.99m | 0.00% | 22.63% |
Analyzing the most recent four quarters: The company's interest expense to total expense ratio consistently exceeds 5% of total expenses, ranging from approximately 19% to 23% across all quarters. This level of interest expense is characteristic of REITs due to their capital-intensive nature and regular use of debt financing for property acquisitions and development.
Operational Ethics
PassBased on available information from SEC filings and company reports, Extra Space Storage operates primarily in the United States. There is no evidence of current material associations with the state of Israel, Chinese Communist Party, or other entities involved in human rights violations.
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