• Extra Space Storage Inc average return on tangible equity for 2023 was 15.28, a 33.65% decline from 2022.
• Extra Space Storage Inc average return on tangible equity for 2022 was 23.03, a 6.77% decline from 2021.
• Extra Space Storage Inc average return on tangible equity for 2021 was 21.57, a 36.61% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.