Extra Space Storage (EXR) Interest Expense (2009 - 2024)
Extra Space Storage's Interest Expense came in at $132.89 million for Q1 2024, up 65.9% from $80.1 million a year earlier and up 2.5% from the prior quarter.
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Analysis
Extra Space Storage (EXR) Interest Expense (2009 - 2024) Analysis & Trends
Over the trailing twelve months to Mar 31, 2024, Extra Space Storage reported Interest Expense of $471.82 million, up 83.8% year-over-year; for FY2023, it was $419.04 million, up 91.2% from FY2022.
- Interest Expense carries a five-year compound annual growth rate of 18.6% (FY2018 to FY2023).
- Going back by year, Interest Expense was $219.17 million in FY2022.
- The Q1 2024 figure represents the highest quarterly Interest Expense in data going back to Q2 2009.
- Year-over-year, Interest Expense has increased for five consecutive quarters, with growth averaging 70.3% over the last seven quarters.
- The fastest year-over-year change in Interest Expense over five years came in Q3 2023 (growth of 118.5%), and the weakest in Q2 2020 (a decline of 13.5%).
- Business Quant data shows EXR's Interest Expense at $129.67 million (Q4 2023), $122.9 million (Q3 2023) and $86.37 million (Q2 2023) in the three quarters before Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 181.70 Bn | 168.77 Bn | 1.47 Bn | - |
| 2 | Prologis | 123.65 Bn | 122.03 Bn | - | 286.96 Mn |
| 3 | Simon Property | 80.48 Bn | 78.58 Bn | - | 287.59 Mn |
| 4 | Public Storage | 62.76 Bn | 62.20 Bn | 112.08 Mn | - |
| 5 | Realty Income | 56.61 Bn | 57.99 Bn | - | - |
| 6 | Ryman Hospitality Properties | 47.80 Bn | 46.64 Bn | 266.41 Mn | 68.28 Mn |
| 7 | Ventas | 47.78 Bn | 46.95 Bn | -3.39 Bn | - |
| 8 | Vivmark Residential | 38.23 Bn | 37.98 Bn | - | - |
| 9 | Extra Space Storage | 33.20 Bn | 32.98 Bn | 650.96 Mn | - |
| 10 | Vici Properties | 27.53 Bn | 26.31 Bn | 1.06 Bn | 214.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 132.89 Mn |
| Dec 31, 2023 | 129.67 Mn |
| Sep 30, 2023 | 122.90 Mn |
| Jun 30, 2023 | 86.37 Mn |
| Mar 31, 2023 | 80.10 Mn |
| Dec 31, 2022 | 72.92 Mn |
| Sep 30, 2022 | 56.25 Mn |
| Jun 30, 2022 | 47.47 Mn |
| Mar 31, 2022 | 42.54 Mn |
| Sep 30, 2021 | 39.67 Mn |
| Jun 30, 2021 | 40.24 Mn |
| Sep 30, 2020 | 42.21 Mn |
| Jun 30, 2020 | 41.04 Mn |
| Mar 31, 2020 | 44.36 Mn |
| Sep 30, 2019 | 46.91 Mn |
| Jun 30, 2019 | 47.45 Mn |
| Mar 31, 2019 | 47.36 Mn |
| Dec 31, 2018 | 48.20 Mn |
| Jun 30, 2018 | 43.35 Mn |
| Mar 31, 2018 | 40.97 Mn |
API Access
Extra Space Storage Interest Expense 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=interest-expense&ticker=EXR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "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=interest-expense&ticker=EXR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();