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
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