Extra Space Storage (EXR) Operating Expenses (2009 - 2026)
Extra Space Storage's (EXR) quarterly Operating Expenses came in at $488.5 million in Q1 2026, up 4.59% year-on-year from $467.0 million in Q1 2025, and up 1.66% on a QoQ basis from $480.5 million in Q4 2025.
Extra Space Storage (EXR) Operating Expenses (2009 - 2026) Analysis & Trends
Extra Space Storage (EXR) has 18 years of Operating Expenses data on file, last reported at $488.5 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 4.59% year-over-year to $488.5 million in Q1 2026; TTM through Mar 2026 was $1.9 billion, a 2.73% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 1.76% from the prior year.
- Operating Expenses for Q1 2026 stood at $488.5 million, up from $480.5 million in the prior quarter.
- Over the last five years, Operating Expenses for EXR reached as high as $488.5 million in Q1 2026 and fell as low as $208.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $383.0 million across 5 years, with a median of $461.3 million in 2024.
- Across the five-year window, Operating Expenses surged 95.79% in 2023 and climbed 0.2% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $237.1 million in 2022, then soared by 95.79% to $464.3 million in 2023, then gained by 3.29% to $479.6 million in 2024, then increased by 0.2% to $480.5 million in 2025, then rose by 1.66% to $488.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $488.5 million in Q1 2026, $480.5 million in Q4 2025, and $474.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | -6.26 Bn |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 114.53 Mn |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 168.70 Mn |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | 1.26 Bn |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | 73.75 Mn |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 615.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 181.80 Mn |