What is Extra Space Storage's MI — accumulated depreciation?

Extra Space Storage (EXR) reported MI — accumulated depreciation of $18.42M in Q4 2025.

How has Extra Space Storage's MI — accumulated depreciation changed year-over-year?

Extra Space Storage's MI — accumulated depreciation increased by 18.7% year-over-year, from $15.53M to $18.42M.

What does MI — accumulated depreciation mean?

The total amount of depreciation taken on real estate assets in the Michigan segment since their acquisition or construction. This represents the cumulative reduction in the book value of buildings and improvements over time.

Extra Space Storage EXR MI — Accumulated Depreciation

Other geography segments

$577.86M+15.2%

$404.48M+25.2%

$352.05M+23.1%

$276.65M+14.2%

$193.08M+22.6%

$177.66M+26.9%

$177.42M+16.5%

$158.55M+13.0%

$145.06M+28.7%

$139.94M+12.0%

$76.69M+27.8%

$69.48M+21.0%

$63.96M+33.7%

$63.4M+21.5%

$62.7M+30.8%

$54.05M+10.5%

$52.49M+19.1%

$49.31M+39.4%

$47.46M+31.4%

$45.32M+15.8%

$38.95M+36.7%

$38.38M+34.1%

$34.67M+44.4%

$29.88M+24.2%

$27.33M+11.1%

$22.08M+13.4%

$18.6M+9.5%

$18.06M+12.3%

$16.02M+29.7%

$15.68M+52.4%

$14.3M+18.0%

$8.77M+11.4%

$7.61M+25.9%

$5.52M+72.8%

$4.96M+11.9%

$2.13M+44.8%

$1.98M+66.0%

$1.78M+6.7%

$1.61M+128%

Similar metrics at other companies

OHIMI — Real Estate Accumulated Depreciation

$2.17M+147%

OHIMI — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$29.47M-35.4%

OHIMI — Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements

$29.47M-1.6%

OHIMS — Real Estate Accumulated Depreciation

$66.6M+13.1%

OHIMI — Real Estate And Accumulated Depreciation Carrying Amount Of Land

$1.54M-6.1%

OHIMT — Real Estate Accumulated Depreciation

$5.01M+8.8%

Other financials

Income statement

See full

Revenue$856.0M+4.4%

Gross profit$617.7M+3.6%

Operating income$367.6M-5.4%

Net income$241.0M-11.0%

EPS (diluted)$1.14-10.9%

Balance sheet

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Cash & equivalents$143.4M+16.5%

Total debt$769.7M+9.2%

Total equity$13.3B-4.0%

Total assets$29.1B+0.4%

Cash flow

See full

Operating cash flow$489.9M+1.8%

CapEx$7.2M-9.2%

Free cash flow$482.6M+1.9%

Valuation

See full

Market cap$30.7B+2.1%

Enterprise value$31.32B+2.1%

P/E32.5×+1.7×

P/S9×-0.1×

Profitability

See full

Gross margin72.7%-1.4pp

Operating margin40.8%-1.2pp

Net margin27.7%-0.2pp

FCF margin54.4%-3.2pp

Returns & leverage

See full

Return on equity6.9%+0.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Extra Space Storage in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAccumulatedDepreciation.

The official record: Extra Space Storage’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extra Space Storage's MI — accumulated depreciation?: Extra Space Storage (EXR) reported MI — accumulated depreciation of $18.42M in Q4 2025.
How has Extra Space Storage's MI — accumulated depreciation changed year-over-year?: Extra Space Storage's MI — accumulated depreciation increased by 18.7% year-over-year, from $15.53M to $18.42M.
What does MI — accumulated depreciation mean?: The total amount of depreciation taken on real estate assets in the Michigan segment since their acquisition or construction. This represents the cumulative reduction in the book value of buildings and improvements over time.