Extra Space Storage (EXR) Operating Expenses (2009 - 2026)
Extra Space Storage (EXR) posted quarterly Operating Expenses of $482.0 million for Q2 2026, up 3.25% year-over-year from $466.8 million in Q2 2025, and down 1.33% on a QoQ basis from $488.5 million in Q1 2026.
Extra Space Storage (EXR) Operating Expenses (2009 - 2026) Analysis & Trends
Extra Space Storage has reported Operating Expenses for 18 years, with the latest figure at $482.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $482.0 million, up 3.25% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.9 billion (up 2.69% YoY), and the FY2025 annual result was $1.9 billion, up 1.76% from the prior year.
- Operating Expenses slipped to $482.0 million in Q2 2026, 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.
- The widest annual swing landed in 2023, when Operating Expenses surged 95.79%; it then climbed 0.2% in 2025.
- A 5-year view of Operating Expenses shows it stood at $237.1 million in 2022, then jumped by 95.79% to $464.3 million in 2023, then increased by 3.29% to $479.6 million in 2024, then climbed by 0.2% to $480.5 million in 2025, then grew by 0.3% to $482.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $482.0 million in Q2 2026, $488.5 million in Q1 2026, and $480.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 141.27 Mn |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 950.72 Mn |
Historic Data
Download 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 |