Extra Space Storage (EXR) Operating Expenses (2009 - 2026)
Extra Space Storage (EXR) recorded Operating Expenses of $481.97 million in Q2 2026, up 3.3% from $466.78 million a year earlier but down 1.3% from the prior quarter.
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Analysis
Extra Space Storage (EXR) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Extra Space Storage's Operating Expenses came in at $1.93 billion as of Jun 30, 2026, up 2.7% year-over-year; for FY2025, it came in at $1.89 billion, up 1.8% from FY2024.
- Annual Operating Expenses has increased for 15 straight years, with a five-year compound annual growth rate of 21.7% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $1.86 billion in FY2024 (+33.5%), $1.39 billion in FY2023 (+56.5%), $888.02 million in FY2022 (+19.7%) and $742.17 million in FY2021 (+4.8%).
- Quarterly Operating Expenses has ranged from $186.21 million in Q3 2021 to $488.47 million in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for 38 consecutive quarters, with growth averaging 2.7% over the last eight quarters.
- The year-over-year growth in Operating Expenses has ranged between 0.2% (Q4 2025) and 95.8% (Q4 2023) over the last five years.
- Per Business Quant, the preceding three quarters came in at $488.47 million (Q1 2026), $480.52 million (Q4 2025) and $474.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.25 Bn | 146.74 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Prologis | 124.09 Bn | 119.13 Bn | - | 1.47 Bn |
| 3 | Simon Property | 64.79 Bn | 60.64 Bn | - | 994.93 Mn |
| 4 | Realty Income | 51.71 Bn | 49.93 Bn | - | 1.19 Bn |
| 5 | Public Storage | 50.81 Bn | 49.80 Bn | - | 766.20 Mn |
| 6 | Ventas | 41.44 Bn | 40.13 Bn | - | 1.68 Bn |
| 7 | Extra Space Storage | 28.30 Bn | 28.30 Bn | 642.43 Mn | 481.97 Mn |
| 8 | Vici Properties | 25.09 Bn | 23.21 Bn | 1.05 Bn | 315.61 Mn |
| 9 | Vivmark Residential | 22.72 Bn | 22.50 Bn | - | 566.18 Mn |
| 10 | Essex Property Trust | 17.34 Bn | 17.10 Bn | - | 381.68 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();