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
DateValue
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