Extra Space Storage MI — Accumulated Depreciation increased by 18.7% to $18.42M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 18.7%, from $15.53M to $18.42M.
A higher ratio of accumulated depreciation to gross cost may indicate an aging portfolio that might require future capital reinvestment.
The total amount of depreciation taken on real estate assets in the Michigan segment since their acquisition or construc...
Standard accounting metric used to evaluate the age and depreciation profile of real estate assets.
exr_segment_mi_accumulated_depreciation| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $9.01M | $11.01M | $13.06M | $15.53M | $18.42M |
| QoQ Change | — | +22.2% | +18.7% | +18.9% | +18.7% |
| YoY Change | — | +22.2% | +18.7% | +18.9% | +18.7% |