Extra Space Storage (EXR) Gross Margin (2009 - 2026)
Extra Space Storage (EXR) posted quarterly Gross Margin of 73.49% for Q2 2026, up 54.0% year-over-year from 47.72% in Q2 2025, and up 1.84% on a QoQ basis from 72.16% in Q1 2026.
Extra Space Storage (EXR) Gross Margin (2009 - 2026) Analysis & Trends
Extra Space Storage has reported Gross Margin for 18 years, with the latest figure at 73.49% in Q2 2026.
- Gross Margin for Q2 2026 came in at 73.49%, up 54.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 72.81% (down 55.0% YoY), and the FY2025 annual result was 72.82%, down 165.0% from the prior year.
- Gross Margin rose to 73.49% in Q2 2026, from 72.16% in the prior quarter.
- Over five years, Gross Margin peaked at 78.05% in Q2 2022 and troughed at 72.16% in Q1 2026.
- A 5-year average of 74.96% and a median of 74.95% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin jumped 240 bps; it then slumped 276 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 77.71% in 2022, then decreased by 3 bps to 75.55% in 2023, then retreated by 3 bps to 73.1% in 2024, then dropped by 0 bps to 73.01% in 2025, then gained by 1 bps to 73.49% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 73.49% in Q2 2026, 72.16% in Q1 2026, and 73.01% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 99.17% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 97.06% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 73.49% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 99.88% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 31.23% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 66.48% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 32.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.49% |
| Mar 31, 2026 | 72.16% |
| Dec 31, 2025 | 109.68% |
| Sep 30, 2025 | -623.73% |
| Jun 30, 2025 | -610.38% |
| Mar 31, 2025 | -623.45% |
| Dec 31, 2024 | 73.10% |
| Sep 30, 2024 | -599.53% |
| Jun 30, 2024 | -559.46% |
| Mar 31, 2024 | 74.42% |
| Dec 31, 2023 | -542.06% |
| Sep 30, 2023 | -560.96% |
| Jun 30, 2023 | -416.24% |
| Mar 31, 2023 | -447.91% |
| Dec 31, 2022 | -433.28% |
| Sep 30, 2022 | 77.03% |
| Jun 30, 2022 | 78.05% |
| Mar 31, 2022 | 76.66% |
| Dec 31, 2021 | -397.74% |
| Sep 30, 2021 | 77.50% |