Calculate all 18 formulas and show your work with all numbers used for each formual for Extra Space Storage Year 2020.

22 2 Consolidated Income Statements 3 As of December 31, 2020, December 31, 2019, and December 31, 2018 4 $s in Thousands, Except Share Data 5 6 Decmber 31, 2020 7 Revenues: 8 Property Rental $ 1,157,522 9 Tenant Reinsurance 146,561 10 Management Fees and Other Income 52,129 11 Total Revenues $ 1,356,212 12 13 Expenses: 14 Property Operations 360,615 15 Tenant Reinsurance 26,494 16 General and Administrative 96,594 17 Depreciation and Amortization 224,444 18 Total Expenses $ 708,147 19 20 Other Increases (Decreases) to Net Income: 21 Gain on Real Estate Transactions 18,075 Income from Operations 666,140 23 Interest Expense (168,626) Non-cash Interest Expense Related to Amortization of 24 Discount on Equity Component of Exchangeable (3,675) 25 Interest Income 15,192 Income Before Equity in Earnings of Unconsolidated 26 Real Estate Ventures and Income Tax Expense 509,031 Equity in Earnings and Dividend Income from 27 Unconsolidated Real Estate Entities 22,361 28 Income Tax Expense (13,810) 29 30 Net Income $ 517,582 Net Income Allocated to Preferred Operating 31 Partnership Noncontrolling Interests (12,882) Net Income Allocated to Operating Partnership and 32 Other Noncontrolling Interests (22,921) 33 Net Income Attributable to Common Stockholder $ 481,779 34 Earnings Per Common Share 35 Basic $ 3.71 36 Diluted $ 3.71 37 Weighted Average Number of Shares 38 Basic 129,541,531 39 Diluted 129,584,829 40 Treasure Stock 43,298 41 1 Extra Space Storage Inc. 2 Consolidated Balance Sheets As of December 31, 2020, December 31, 2019, and December 31, 2018 4 is in Thousands. Except Share Data) 5 6 Decmber 31, 2020 7 Assets: Real Estate Assets, Net 7.893,802 9 Real Estate Assets - Operating Lease Right-of-Use Assets 252,172 10 Investments in Unconsolidated Real Estate Entities 397.444 11 Investments in Debt Securities and Notes Receivable 593,810 12 Cash and Cash Equivalents 109,124 13 Restricted Cash 18,885 14 Other Assets, Net 130,611 15 Total Assets $ 9,395,848 16 17 Liabilities, Noncontrolling Interests and Equity: 18 Notes Payable, Net $ 4,797,303 19 Exchangeable Senior Notes, Net 20 Notes Payable to Trusts 21 Revolving Lines of Credit 949,000 22 Operating Lease Liabilities 263,485 23 Cash Distributions in Unconsolidated Real Estate Ventures 47.126 24 Accounts Payable and Accured Expenses 130,012 25 Other Liabilities 272,798 26 Total Liabilities $ 6,459,724 27 28 Commitments and Contingencies 29 30 Noncontrolling Interests and Equity: Preferred Stock. $0.01 Par Value, 50,000,000 Shares Authorized, No 31 Extra Space Storage Inc. Stockholders' Equity: Shares Issued or Preferred Stock, $0.01 Par Value, 50,000,000 Shares 32 Authorized 33 Common Stock, $0.01 Par Value, 500,000,000 Shares Authorized 131,357,961 Shares Issued and Outstanding 34 at December 31, 2020 Common Stock, $0.01 Par Value, 500,000,000 Shares 35 Authorized 1,314 36 Additional Paid-in- 3,000,458 37 Accumulated Other Comprehensive Loss (99,093) 38 Accumulated Deficit (354,900) 39 Total Extra Space Storage Inc. Shareholders' Equity 2,547,779 Noncontrolling Interests Represented by Preferred 40 Operating Partnership Units, Net 172,052 Noncontrolling Interests in Operating Partnership, Net 41 and Other Noncontrolling Interests 216,293 42 Total Noncontrolling Interests and Equity 2,936,124 43 Total Liabilities, Noncontrolling Interests and E $ 9,395,848 44 A5 fir A (67,873) 16,213 - - (1.000) 66 (467,765) (33,615) 241,471 57,276 70,733 128,009 159,597 5,181 (4,005) 4,005 A B 1 Extra Space Storage Inc. 2 Consolidated Statement of Cash Floys 3 As of December 31, 2020. December 31, 2019, and December 31, 2018 4 (Amounts in Thousands) 5 6 Decmber 31, 2020 7 Cash Flows from Operating Activities: 8 Net Income 517,582 Adjustments to Reconcile Net Income to Net Cash 9 Provided by Operating Activities 10 Depreciation and Amortization 224.444 11 Amortization of Deferred Financing Costs 9,386 Non-cash Interest Expense Related to Amortization of 12 Discounts on Equity Components of Exchangeable 3,675 13 Non-cash Lease Expense 1.173 14 Compensation Expense Related to Stock-Based Awards 16,281 Accural of Interest Income Added to Principal of Debt 15 Securities and Notes Receivable (8,059) 16 Gain on Real Estate Transactions (18,075) Distributions from Unconsolidated Real Estate Ventures 17 in Excess of Earnings 6,893 18 Changes in Operating Assets and Liabilities: 19 Other Assets (19,674) 20 Accounts Payable and Accured Expenses 17,974 21 Other Liabilities 19,632 22 Net Cash Provided by Operating Activities 771,232 23 Cash Flows from Investing Activities: 24 Acquisition of Real Estate Assets (320,148) 25 Development and Redevelopment of Real Estate Assets (67,300) 26 Proceeds from Sale of Real Estate Assets 44,024 27 Investment in Unconsolidated Real Estate Entities (64.792) 28 Return Of Investment in Unconsolidated Real Estate Ventu 371 29 Issuance And Purchase of Notes Receivable (313,355) 30 Investment In Debt Securities (300,000) 31 Proceeds from Sale of Notes Receivable 62,764 32 Principal Payments Received from Notes Receivable 10.102 33 Purchase Of Equipment and Fixtures (7,093) Net Cash Used in Investing Activities (955.427) 35 Cash Flows from Finaning Activities: 36 Proceeds from the Sale of Common Stock, Net of Offering 103,468 37 Proceeds from Notes Payable and Revolving Lines of Crei 3,281,000 38 Proceeds from Notes Payable and Revolving Lines of Cre (2,014,730) 33 Proceeds from Notes Payable and Revolving Lines of Cre. 40 Proceeds from Notes Payable and Revolving Lines of Cre: (4,052) 41 Proceeds from Notes Payable and Revolving Lines of Cres (575,000) 42 Proceeds from Notes Payable and Revolving Lines of Cres 4,759 43 Repurchase of Common Stock (67,873) Proceeds from Principal Payments on Note Receivable 44 Collateralized by Preferred OP Units 16,213 Redemption of Operating Partnership Units Held by 45 Noncontrolling Interests (1,000) 46 Contributions from Noncontrolling Interests 66 47 Dividends Paid on Common Stock (467.765) 48 Distributions to Noncontrolling Interests (33,615) 43 Net Cash Provided by (Used In) Financing Activities 241,471 Net Increase (Decrease) in Cash, Cash Equivalents, and 50 Restricted Cash 57.276 Cash, Cash Equivalents, and Restricted Cash, Beginning of 51 the Period 70,733 B 43 Repurchase of Common Stock Proceeds from Principal Payments on Note Receivable 44 Collateralized by Preferred OP Units Redemption of Operating Partnership Units Held by 45 Noncontrolling Interests 46 Contributions from Noncontrolling Interests 47 Dividends Paid on Common Stock 48 Distributions to Noncontrolling Interests Net Cash Provided by (Used In) Financing Activities Net Increase (Decrease) in Cash Cash Equivalents, and 50 Restricted Cash Cash Cash Equivalents, and Restricted Cash, Beginning of 51 the Period 52 Cash, Cash Equivalents, and Restricted Cash, En $ 53 Supplemental Schedule of Cash Flow Information 54 Interest Paid $ 55 Income Taxes Paid Supplemental Schedule of Noncash Investing 56 and Financing Activities: Redemption of Operating Partnership Units Held by 57 Noncontrolling Interests for Common Stock 58 Noncontrolling Interests in Operating Partnership $ 59 Common Stock and Paid-In Capital Establishment of Operating Lease Right of Use Assets and 60 Lease Liabilities 61 Real Estate Assets - Operating Lease Right-of-Use Assets $ 62 Operating Lease Liabilities 63 Accounts Payable and Accrued Expenses 64 Acquisitions of Real Estate Assets 65 Real Estate Assets, Net $ 66 Value of Operating Partnership Units Issued 67 Notes Payable Assumed 68 Investment in Unconsolidated Real Estate Ventures 69 Finance Lease Liability 70 Net Liabilities Assumed 71 Accrued Construction Costs and Capital Expenditures 72 Acquisition of Real Estate Assets $ 73 Development and Redevelopment of Real Estate Assets 74 Accounts Payable and Accrued Expenses Contribution of Preferred OP Units to Unconsolidated Real 75 Estate Venture 76 Investments in Unconsolidated Real Estate Ventures 77 Value of Preferred Operating Partnership Units Issued Redemption of Preferred Operating Partnership Units for 78 Common Stock 79 Preferred Operating Partnership Units $ 80 Additional Paid-In Capital Issuance of Preferred OP Units for Additional Investment in 81 Unconsolidated Real Estate Venture 82 Preferred OP Units 83 Common OP Units 84 85 Ending Cash Balance 86 8,014 (8,014) (41,491) 41,491 656 (656) (2.724) 2,724 $ 9,395,848 2 Competitor Ratio Analysis 3 4 As of December 31, 2020 Extra Space Storage Inc., 2020 American Tower Corp., 2020 Industy Average 5 6 PO 7 8 Liquidity Ratios 9 Current Ratio 10 Quick Ratio 11 12 Leverage Ratios 13 Debt to Total Assets Ratio 14 Debt Equity Ratio 15 Long-Term Debt to Equity 16 Times Interest Earned Ratio 17 18 Activity Ratios 19 Inventory Turnover 20 Fixed Assets Turnover 21 Total Assets Turnover 22 Accounts Receivable Turnover 23 Average Collection Period 24 25 Profitability Ratios 26 Gross Profit Margin 27 Operating Profit Margin 28 Net Profit Margin 29 Return on Total Assets (ROA) 30 Return on Stockholders' equity (ROE) 31 Earnings Per Share (EPS) 32 Price Earnings Ratio