Extra Space Storage (EXR) Interest Expenses (2009 - 2024)
Extra Space Storage's Interest Expenses was $132.89 million in 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 Expenses (2009 - 2024) Analysis & Trends
On a trailing twelve-month basis, Extra Space Storage's Interest Expenses was $471.82 million through Mar 31, 2024, up 83.8% year-over-year; for FY2023, it was $419.04 million, up 91.2% from FY2022.
- Interest Expenses shows a five-year compound annual growth rate of 18.6% (FY2018 to FY2023).
- In earlier years, Interest Expenses was $219.17 million in FY2022 (+31.9%) and $166.18 million in FY2021.
- The Q1 2024 figure marks the highest quarterly Interest Expenses in data going back to Q2 2009.
- Compared with a year earlier, Interest Expenses has increased for nine straight quarters, with growth averaging 69.0% over the last eight quarters.
- The best year-over-year quarter for Interest Expenses over five years was Q3 2023 (growth of 118.5%); the worst was Q2 2020 (a decline of 13.5%).
- Per Business Quant data, EXR's Interest Expenses in the three quarters before Q1 2024 was $129.67 million (Q4 2023), $122.9 million (Q3 2023) and $86.37 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.31 Bn | 146.80 Bn | 1.39 Bn | - |
| 2 | Prologis | 124.18 Bn | 119.22 Bn | - | 276.31 Mn |
| 3 | Simon Property | 64.55 Bn | 60.40 Bn | - | 275.66 Mn |
| 4 | Realty Income | 51.65 Bn | 49.88 Bn | - | 312.08 Mn |
| 5 | Public Storage | 50.71 Bn | 49.70 Bn | - | 84.78 Mn |
| 6 | Ventas | 41.48 Bn | 40.17 Bn | - | 160.03 Mn |
| 7 | Extra Space Storage | 28.27 Bn | 28.27 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 25.03 Bn | 23.14 Bn | 1.05 Bn | 209.93 Mn |
| 9 | Vivmark Residential | 22.70 Bn | 22.48 Bn | - | 82.46 Mn |
| 10 | Essex Property Trust | 17.31 Bn | 17.07 Bn | - | 66.84 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 |
| Dec 31, 2021 | 45.58 Mn |
| Sep 30, 2021 | 39.67 Mn |
| Jun 30, 2021 | 40.24 Mn |
| Mar 31, 2021 | 40.70 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 |
API Access
Extra Space Storage Interest Expenses 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-expenses&ticker=EXR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=EXR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();