Extra Space Storage (EXR) Operating Leases (2019 - 2026)
Extra Space Storage's (EXR) quarterly Operating Leases came in at $769.7 million in Q1 2026, up 9.22% year-on-year from $704.7 million in Q1 2025, and up 1.13% on a QoQ basis from $761.1 million in Q4 2025.
Extra Space Storage (EXR) Operating Leases (2019 - 2026) Analysis & Trends
Extra Space Storage (EXR) has 8 years of Operating Leases data on file, last reported at $769.7 million in Q1 2026.
- On a quarterly basis, Operating Leases rose 9.22% year-over-year to $769.7 million in Q1 2026; TTM through Mar 2026 was $769.7 million, a 9.22% increase from a year earlier, with the FY2025 full-year figure at $761.1 million, up 7.83% from the prior year.
- Operating Leases for Q1 2026 stood at $769.7 million, up from $761.1 million in the prior quarter.
- Over the last five years, Operating Leases for EXR reached as high as $769.7 million in Q1 2026 and fell as low as $228.3 million in Q2 2023.
- Historically, Operating Leases has averaged $440.9 million across 5 years, with a median of $242.4 million in 2023.
- Across the five-year window, Operating Leases declined 4.22% in 2023 and surged 224.34% in 2025, its largest moves.
- Year by year, Operating Leases stood at $229.0 million in 2022, then advanced by 3.27% to $236.5 million in 2023, then surged by 198.44% to $705.8 million in 2024, then grew by 7.83% to $761.1 million in 2025, then climbed by 1.13% to $769.7 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $769.7 million in Q1 2026, $761.1 million in Q4 2025, and $757.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Prologis | 136.51 Bn | 136.51 Bn | 2.24 Bn |
| 2 | Public Storage | 57.53 Bn | 57.40 Bn | 1.18 Bn |
| 3 | Extra Space Storage | 31.61 Bn | 31.61 Bn | 617.72 Mn |
| 4 | Eastgroup Properties | 11.42 Bn | 11.42 Bn | 193.10 Mn |
| 5 | CubeSmart | 9.71 Bn | 9.71 Bn | 191.86 Mn |
| 6 | Lineage | 9.53 Bn | 9.47 Bn | 417.00 Mn |
| 7 | Rexford Industrial Realty | 8.87 Bn | 8.81 Bn | - |
| 8 | STAG Industrial | 7.84 Bn | 7.84 Bn | - |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - |
| 10 | Americold Realty Trust | 4.17 Bn | 4.13 Bn | 195.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 769.69 Mn |
| Dec 31, 2025 | 761.11 Mn |
| Sep 30, 2025 | 757.81 Mn |
| Jun 30, 2025 | 742.85 Mn |
| Mar 31, 2025 | 704.73 Mn |
| Dec 31, 2024 | 705.85 Mn |
| Sep 30, 2024 | 706.49 Mn |
| Jun 30, 2024 | 229.04 Mn |
| Mar 31, 2024 | 232.68 Mn |
| Dec 31, 2023 | 236.52 Mn |
| Sep 30, 2023 | 242.44 Mn |
| Jun 30, 2023 | 228.34 Mn |
| Mar 31, 2023 | 234.26 Mn |
| Dec 31, 2022 | 229.04 Mn |
| Sep 30, 2022 | 233.83 Mn |
| Jun 30, 2022 | 238.39 Mn |
| Mar 31, 2022 | 242.84 Mn |
| Dec 31, 2021 | 233.36 Mn |
| Sep 30, 2021 | 234.12 Mn |
| Jun 30, 2021 | 238.41 Mn |