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Extra Space Storage (EXR) Operating Expenses (2016 - 2025)

Extra Space Storage (EXR) has disclosed Operating Expenses for 17 consecutive years, with $480.5 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses changed 0.2% to $480.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.9 billion, a 1.76% increase, with the full-year FY2025 number at $1.9 billion, up 1.76% from a year prior.
  • Operating Expenses was $480.5 million for Q4 2025 at Extra Space Storage, up from $474.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $480.5 million in Q4 2025 to a low of $181.7 million in Q1 2021.
  • A 5-year average of $338.2 million and a median of $343.9 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: skyrocketed 95.79% in 2023, then increased 0.2% in 2025.
  • Extra Space Storage's Operating Expenses stood at $192.5 million in 2021, then grew by 23.2% to $237.1 million in 2022, then skyrocketed by 95.79% to $464.3 million in 2023, then increased by 3.29% to $479.6 million in 2024, then rose by 0.2% to $480.5 million in 2025.
  • Per Business Quant, the three most recent readings for EXR's Operating Expenses are $480.5 million (Q4 2025), $474.2 million (Q3 2025), and $466.8 million (Q2 2025).