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
DateValue
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