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
DateValue
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