Extra Space Storage (EXR) Operating Margin (2009 - 2026)
Extra Space Storage (EXR) posted Operating Margin of 44.86% for Q2 2026, up 0.43 percentage points from 44.43% a year earlier and up 1.93 percentage points from the prior quarter.
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Analysis
Extra Space Storage (EXR) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Extra Space Storage was 40.91%, down 2.78 percentage points year-over-year; for FY2025, it was 41.83%, up 1.19 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -7.29 percentage points (FY2020 to FY2025).
- In prior years, Extra Space Storage's Operating Margin was 40.63% in FY2024 (-5.07 pp), 45.70% in FY2023 (-8.89 pp), 54.59% in FY2022 (-7.28 pp) and 61.87% in FY2021 (+12.75 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2025.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +0.26 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2021, with a gain of 17.57 percentage points; the weakest was Q4 2022, with a drop of 19.75 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 42.94% (Q1 2026), 43.25% (Q4 2025) and 32.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 51.59% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 49.72% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 37.85% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Invitation Homes | 15.55 Bn | 15.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.86% |
| Mar 31, 2026 | 42.94% |
| Dec 31, 2025 | 43.25% |
| Sep 30, 2025 | 32.51% |
| Jun 30, 2025 | 44.43% |
| Mar 31, 2025 | 47.41% |
| Dec 31, 2024 | 46.24% |
| Sep 30, 2024 | 36.70% |
| Jun 30, 2024 | 37.59% |
| Mar 31, 2024 | 42.00% |
| Dec 31, 2023 | 41.80% |
| Sep 30, 2023 | 40.08% |
| Jun 30, 2023 | 53.45% |
| Mar 31, 2023 | 52.39% |
| Dec 31, 2022 | 53.20% |
| Sep 30, 2022 | 54.09% |
| Jun 30, 2022 | 58.04% |
| Mar 31, 2022 | 53.05% |
| Dec 31, 2021 | 72.95% |
| Sep 30, 2021 | 54.86% |
API Access
Extra Space Storage Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=EXR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "EXR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=EXR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();