Extra Space Storage (EXR) Gross Margin (2009 - 2026)
Extra Space Storage's Gross Margin came in at 73.49% for Q2 2026, up 0.54 percentage points from 72.95% a year earlier and up 1.33 percentage points from the prior quarter.
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Analysis
Extra Space Storage (EXR) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Extra Space Storage reported Gross Margin of 72.81%, down 0.55 percentage points year-over-year; for FY2025, it came in at 72.82%, down 1.65 percentage points from FY2024.
- Gross Margin has declined in each of the last three years, with a five-year change of -0.59 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 74.47% in FY2024 (-1.63 pp), 76.09% in FY2023 (-1.28 pp), 77.38% in FY2022 (+0.74 pp) and 76.63% in FY2021 (+3.22 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q3 2024.
- Year-over-year, Gross Margin increased in 1 of the last eight quarters, with an average year-over-year change of -1.21 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2021 (a gain of 4.42 percentage points), and the weakest in Q2 2025 (a drop of 2.76 percentage points).
- Business Quant data shows EXR's Gross Margin at 72.16% (Q1 2026), 73.01% (Q4 2025) and 72.57% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.70 Bn | 166.77 Bn | 1.47 Bn | 39.55% |
| 2 | Prologis | 122.17 Bn | 120.56 Bn | - | - |
| 3 | Simon Property | 80.16 Bn | 78.26 Bn | - | - |
| 4 | Public Storage | 62.28 Bn | 61.73 Bn | 112.08 Mn | 8.20% |
| 5 | Realty Income | 56.35 Bn | 57.74 Bn | - | - |
| 6 | Ventas | 47.42 Bn | 46.59 Bn | -3.39 Bn | -184.88% |
| 7 | Ryman Hospitality Properties | 47.10 Bn | 45.93 Bn | 266.41 Mn | 40.62% |
| 8 | Vivmark Residential | 37.16 Bn | 36.91 Bn | - | - |
| 9 | Extra Space Storage | 33.05 Bn | 32.83 Bn | 650.96 Mn | 73.16% |
| 10 | Vici Properties | 27.32 Bn | 26.10 Bn | 1.06 Bn | 99.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.16% |
| Jun 30, 2026 | 73.49% |
| Mar 31, 2026 | 72.16% |
| Dec 31, 2025 | 73.01% |
| Sep 30, 2025 | 72.57% |
| Jun 30, 2025 | 72.95% |
| Mar 31, 2025 | 72.73% |
| Dec 31, 2024 | 73.10% |
| Sep 30, 2024 | 74.66% |
| Jun 30, 2024 | 75.71% |
| Mar 31, 2024 | 74.42% |
| Dec 31, 2023 | 75.55% |
| Sep 30, 2023 | 75.24% |
| Jun 30, 2023 | 77.58% |
| Mar 31, 2023 | 76.71% |
| Dec 31, 2022 | 77.71% |
| Sep 30, 2022 | 77.03% |
| Jun 30, 2022 | 78.05% |
| Mar 31, 2022 | 76.66% |
| Dec 31, 2021 | 77.94% |
API Access
Extra Space Storage Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EXR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EXR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EXR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();