Extra Space Storage (EXR) Operating Expenses (2009 - 2026)

Extra Space Storage's (EXR) quarterly Operating Expenses came in at $488.5 million in Q1 2026, up 4.59% year-on-year from $467.0 million in Q1 2025, and up 1.66% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 4.59% year-over-year to $488.5 million in Q1 2026; TTM through Mar 2026 was $1.9 billion, a 2.73% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 1.76% from the prior year.
  • Operating Expenses for Q1 2026 stood at $488.5 million, up from $480.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for EXR reached as high as $488.5 million in Q1 2026 and fell as low as $208.3 million in Q1 2022.
  • Historically, Operating Expenses has averaged $383.0 million across 5 years, with a median of $461.3 million in 2024.
  • Across the five-year window, Operating Expenses surged 95.79% in 2023 and climbed 0.2% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $237.1 million in 2022, then soared by 95.79% to $464.3 million in 2023, then gained by 3.29% to $479.6 million in 2024, then increased by 0.2% to $480.5 million in 2025, then rose by 1.66% to $488.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 134.75 Bn 139.31 Bn 2.24 Bn -6.26 Bn
2 Public Storage 55.31 Bn 55.27 Bn 1.18 Bn 743.46 Mn
3 Extra Space Storage 30.66 Bn 31.49 Bn 617.72 Mn 488.47 Mn
4 Eastgroup Properties 11.49 Bn 11.49 Bn 193.10 Mn 114.53 Mn
5 CubeSmart 9.34 Bn 9.36 Bn 191.86 Mn 168.70 Mn
6 Lineage 9.30 Bn 9.23 Bn 417.00 Mn 1.26 Bn
7 Rexford Industrial Realty 8.22 Bn 8.54 Bn - 144.62 Mn
8 STAG Industrial 7.73 Bn 7.81 Bn - 140.20 Mn
9 Terreno Realty 7.56 Bn 7.56 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