Extra Space Storage (EXR) Interest Expenses (2009 - 2024)
Extra Space Storage (EXR) reported Interest Expenses of $132.9 million for Q1 2024, up 65.9% year-over-year from $80.1 million in Q2 2023, and up 2.48% quarter-over-quarter from $129.7 million in Q4 2023.
Extra Space Storage (EXR) Interest Expenses (2009 - 2024) Analysis & Trends
Extra Space Storage (EXR) has 16 years of Interest Expenses data on file, last reported at $132.9 million in Q1 2024.
- Interest Expenses for Q1 2024 came in at $132.9 million, up 65.9% year-over-year; the trailing twelve-month figure through Dec 2024 was $132.9 million (down 68.29% YoY), and the FY2023 annual result was $419.0 million, up 91.19% from the prior year.
- Interest Expenses grew to $132.9 million in Q1 2024 per EXR's latest filing, from $129.7 million in the prior quarter.
- Over five years, Interest Expenses peaked at $132.9 million in Q1 2024 and troughed at $39.7 million in Q3 2021.
- A 5-year average of $66.6 million and a median of $46.5 million in 2021 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2020 and 2023: Interest Expenses dropped 13.51% in 2020, then soared 118.51% in 2023.
- A 5-year view of Interest Expenses shows it stood at $42.2 million in 2020, then increased by 7.97% to $45.6 million in 2021, then soared by 59.99% to $72.9 million in 2022, then soared by 77.81% to $129.7 million in 2023, then climbed by 2.48% to $132.9 million in 2024.
- Business Quant data shows EXR's Interest Expenses at $132.9 million in Q1 2024, $129.7 million in Q4 2023, and $122.9 million in Q3 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 130.63 Bn | 133.96 Bn | 2.24 Bn | 260.45 Mn |
| 2 | Public Storage | 55.83 Bn | 55.80 Bn | 1.18 Bn | 80.02 Mn |
| 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 | 9.08 Mn |
| 5 | Lineage | 9.39 Bn | 10.29 Bn | 417.00 Mn | - |
| 6 | CubeSmart | 9.24 Bn | 9.27 Bn | 191.86 Mn | 29.83 Mn |
| 7 | Rexford Industrial Realty | 7.56 Bn | 7.94 Bn | - | 26.60 Mn |
| 8 | STAG Industrial | 7.23 Bn | 7.30 Bn | - | 35.89 Mn |
| 9 | Terreno Realty | 6.74 Bn | 6.74 Bn | - | 8.99 Mn |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 41.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 132.89 Mn |
| Mar 31, 2024 | 132.89 Mn |
| Dec 31, 2023 | 129.67 Mn |
| Dec 31, 2023 | 129.67 Mn |
| Sep 30, 2023 | 122.90 Mn |
| Sep 30, 2023 | 122.90 Mn |
| Jun 30, 2023 | 86.37 Mn |
| Jun 30, 2023 | 86.37 Mn |
| Mar 31, 2023 | 80.10 Mn |
| Mar 31, 2023 | 80.10 Mn |
| Dec 31, 2022 | 72.92 Mn |
| Dec 31, 2022 | 72.92 Mn |
| Sep 30, 2022 | 56.25 Mn |
| Sep 30, 2022 | 56.25 Mn |
| Jun 30, 2022 | 47.47 Mn |
| Jun 30, 2022 | 47.47 Mn |
| Mar 31, 2022 | 42.54 Mn |
| Mar 31, 2022 | 42.54 Mn |
| Dec 31, 2021 | 45.58 Mn |
| Dec 31, 2021 | 45.58 Mn |