• Extra Space Storage Inc average return on tangible equity for 2023 was 13.79, a 39.89% decline from 2022.
• Extra Space Storage Inc average return on tangible equity for 2022 was 22.94, a 1.68% decline from 2021.
• Extra Space Storage Inc average return on tangible equity for 2021 was 22.56, a 39.69% 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.