Extra Space Storage (EXR) Operating Expenses (2009 - 2026)
Extra Space Storage (EXR) reported Operating Expenses of $488.5 million for Q1 2026, up 4.59% year-over-year from $467.0 million in Q1 2025, and up 1.66% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $488.5 million, up 4.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 2.73% YoY), and the FY2025 annual result was $1.9 billion, up 1.76% from the prior year.
- Operating Expenses rose to $488.5 million in Q1 2026 per EXR's latest filing, from $480.5 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 $383.0 million and a median of $461.3 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 95.79% in 2023, then increased 0.2% in 2025.
- A 5-year view of Operating Expenses shows it stood at $237.1 million in 2022, then soared by 95.79% to $464.3 million in 2023, then grew by 3.29% to $479.6 million in 2024, then advanced by 0.2% to $480.5 million in 2025, then climbed by 1.66% to $488.5 million in 2026.
- Business Quant data shows EXR's Operating Expenses at $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 | 130.63 Bn | 133.96 Bn | 2.24 Bn | -3.97 Bn |
| 2 | Public Storage | 55.83 Bn | 55.80 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 30.65 Bn | 31.49 Bn | -204.61 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 10.66 Bn | 10.66 Bn | 190.03 Mn | 113.86 Mn |
| 5 | Lineage | 9.39 Bn | 10.29 Bn | 417.00 Mn | 1.26 Bn |
| 6 | CubeSmart | 9.24 Bn | 9.27 Bn | 191.86 Mn | 168.70 Mn |
| 7 | Rexford Industrial Realty | 7.56 Bn | 7.94 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.23 Bn | 7.30 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 6.74 Bn | 6.74 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 |