Extra Space Storage (EXR) Operating Expenses (2009 - 2026)
Extra Space Storage's (EXR) quarterly Operating Expenses came in at $482.0 million in Q2 2026, up 3.25% year-over-year from $466.8 million in Q2 2025, and down 1.33% quarter-over-quarter from $488.5 million in Q1 2026.
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Analysis
Extra Space Storage (EXR) Operating Expenses (2009 - 2026) Analysis & Trends
Extra Space Storage (EXR) has reported Operating Expenses for 18 consecutive years, with $482.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 3.25% year-over-year to $482.0 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 2.69% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 1.76% from the prior year.
- Operating Expenses was $482.0 million for Q2 2026 at Extra Space Storage, down from $488.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $488.5 million in Q1 2026 and troughed at $208.3 million in Q1 2022.
- A 5-year average of $388.5 million and a median of $462.5 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 95.79% in 2023 and grew 0.2% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $237.1 million in 2022, then surged by 95.79% to $464.3 million in 2023, then climbed by 3.29% to $479.6 million in 2024, then gained by 0.2% to $480.5 million in 2025, then advanced by 0.3% to $482.0 million in 2026.
- The last three Operating Expenses figures came in at $482.0 million (Q2 2026), $488.5 million (Q1 2026), and $480.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 1.47 Bn |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 900.79 Mn |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 1.19 Bn |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 766.20 Mn |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | 1.68 Bn |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 481.97 Mn |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 315.61 Mn |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | 566.18 Mn |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 657.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 481.97 Mn |
| Mar 31, 2026 | 488.47 Mn |
| Dec 31, 2025 | 480.52 Mn |
| Sep 30, 2025 | 474.21 Mn |
| Jun 30, 2025 | 466.78 Mn |
| Mar 31, 2025 | 467.03 Mn |
| Dec 31, 2024 | 479.58 Mn |
| Sep 30, 2024 | 461.34 Mn |
| Jun 30, 2024 | 451.24 Mn |
| Mar 31, 2024 | 463.71 Mn |
| Dec 31, 2023 | 464.31 Mn |
| Sep 30, 2023 | 448.24 Mn |
| Jun 30, 2023 | 238.05 Mn |
| Mar 31, 2023 | 239.51 Mn |
| Dec 31, 2022 | 237.15 Mn |
| Sep 30, 2022 | 229.05 Mn |
| Jun 30, 2022 | 213.57 Mn |
| Mar 31, 2022 | 208.25 Mn |
| Dec 31, 2021 | 192.49 Mn |
| Sep 30, 2021 | 186.21 Mn |
API Access
Extra Space Storage Operating 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=operating-expenses&ticker=EXR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-expenses&ticker=EXR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();