Extra Space Storage (EXR) Interest Coverage Ratio (2009 - 2024)
Extra Space Storage (EXR) reported Interest Coverage Ratio of 2.53 for Q1 2024, down 23.19% year-over-year from 3.29 in Q2 2023, and down 1.73% quarter-over-quarter from 2.57 in Q4 2023.
Extra Space Storage (EXR) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Extra Space Storage (EXR) has 16 years of Interest Coverage Ratio data on file, last reported at 2.53 in Q1 2024.
- Interest Coverage Ratio for Q1 2024 came in at 2.53, down 23.19% year-over-year; the trailing twelve-month figure through Dec 2024 was 9.96 (up 256.62% YoY), and the FY2023 annual result was 2.79, down 41.73% from the prior year.
- Interest Coverage Ratio retreated to 2.53 in Q1 2024 per EXR's latest filing, from 2.57 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 6.84 in Q4 2021 and troughed at 2.44 in Q3 2023.
- A 5-year average of 4.27 and a median of 3.78 in 2020 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2021 and 2023: Interest Coverage Ratio jumped 67.17% in 2021, then slumped 49.16% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 3.87 in 2020, then jumped by 76.93% to 6.84 in 2021, then slumped by 45.96% to 3.7 in 2022, then tumbled by 30.43% to 2.57 in 2023, then retreated by 1.73% to 2.53 in 2024.
- Business Quant data shows EXR's Interest Coverage Ratio at 2.53 in Q1 2024, 2.57 in Q4 2023, and 2.44 in Q3 2023.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 130.63 Bn | 133.96 Bn | 2.24 Bn | 6.24 |
| 2 | Public Storage | 55.83 Bn | 55.80 Bn | 1.18 Bn | 5.93 |
| 3 | Extra Space Storage | 30.65 Bn | 31.49 Bn | -204.61 Mn | - |
| 4 | Eastgroup Properties | 10.66 Bn | 10.66 Bn | 190.03 Mn | 8.39 |
| 5 | Lineage | 9.39 Bn | 10.29 Bn | 417.00 Mn | - |
| 6 | CubeSmart | 9.24 Bn | 9.27 Bn | 191.86 Mn | 0.78 |
| 7 | Rexford Industrial Realty | 7.56 Bn | 7.94 Bn | - | - |
| 8 | STAG Industrial | 7.23 Bn | 7.30 Bn | - | - |
| 9 | Terreno Realty | 6.74 Bn | 6.74 Bn | - | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 0.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 2.53 |
| Dec 31, 2023 | 2.57 |
| Sep 30, 2023 | 2.44 |
| Jun 30, 2023 | 3.16 |
| Mar 31, 2023 | 3.29 |
| Dec 31, 2022 | 3.70 |
| Sep 30, 2022 | 4.80 |
| Jun 30, 2022 | 5.81 |
| Mar 31, 2022 | 5.53 |
| Dec 31, 2021 | 6.84 |
| Sep 30, 2021 | 5.70 |
| Jun 30, 2021 | 4.89 |
| Mar 31, 2021 | 5.92 |
| Sep 30, 2020 | 3.87 |
| Jun 30, 2020 | 3.65 |
| Mar 31, 2020 | 3.54 |
| Sep 30, 2019 | 3.47 |
| Jun 30, 2019 | 3.36 |
| Mar 31, 2019 | 3.14 |
| Dec 31, 2018 | 3.25 |