Extra Space Storage (EXR) Operating Leases (2019 - 2026)
Extra Space Storage (EXR) reported Operating Leases of $769.7 million for Q1 2026, up 9.22% year-over-year from $704.7 million in Q1 2025, and up 1.13% quarter-over-quarter 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.
- Operating Leases for Q1 2026 came in at $769.7 million, up 9.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $769.7 million (up 9.22% YoY), and the FY2025 annual result was $761.1 million, up 7.83% from the prior year.
- Operating Leases grew to $769.7 million in Q1 2026 per EXR's latest filing, from $761.1 million in the prior quarter.
- Over five years, Operating Leases peaked at $769.7 million in Q1 2026 and troughed at $228.3 million in Q2 2023.
- A 5-year average of $440.9 million and a median of $242.4 million in 2023 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2023 and 2025: Operating Leases retreated 4.22% in 2023, then jumped 224.34% in 2025.
- A 5-year view of Operating Leases shows it stood at $229.0 million in 2022, then increased by 3.27% to $236.5 million in 2023, then surged by 198.44% to $705.8 million in 2024, then gained by 7.83% to $761.1 million in 2025, then rose by 1.13% to $769.7 million in 2026.
- Business Quant data shows EXR's Operating Leases at $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 | 130.63 Bn | 133.96 Bn | 2.24 Bn |
| 2 | Public Storage | 55.83 Bn | 55.80 Bn | 1.18 Bn |
| 3 | Extra Space Storage | 30.65 Bn | 31.49 Bn | -204.61 Mn |
| 4 | Eastgroup Properties | 10.66 Bn | 10.66 Bn | 190.03 Mn |
| 5 | Lineage | 9.39 Bn | 10.29 Bn | 417.00 Mn |
| 6 | CubeSmart | 9.24 Bn | 9.27 Bn | 191.86 Mn |
| 7 | Rexford Industrial Realty | 7.56 Bn | 7.94 Bn | - |
| 8 | STAG Industrial | 7.23 Bn | 7.30 Bn | - |
| 9 | Terreno Realty | 6.74 Bn | 6.74 Bn | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 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 |