Self-Storage Operations — Operating Income (Loss)
Extra Space Storage Self-Storage Operations — Operating Income (Loss) decreased by 1.6% to $494.91M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.9%, from $480.80M to $494.91M. Over 4 years (FY 2021 to FY 2025), Self-Storage Operations — Operating Income (Loss) shows an upward trend with a 19.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved rental rate pricing power, higher occupancy levels, or effective cost management at the property level. A decrease may indicate rising property taxes, increased competition leading to lower occupancy, or higher operational overheads.
Detailed definition
This metric represents the core profitability of the self-storage property portfolio before corporate-level expenses, in...
Peer comparison
This is equivalent to Property Net Operating Income (NOI) reported by other real estate investment trusts (REITs) in the self-storage or commercial real estate sectors.
exr_segment_self_storage_operations_operating_income_lossHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $232.35M | $258.56M | $270.25M | $276.27M | $303.79M | $314.21M | $325.13M | $316.80M | $326.11M | $465.69M | $501.94M | $483.53M | $500.20M | $501.84M | $486.12M | $480.80M | $493.38M | $500.10M | $502.77M | $494.91M |
| QoQ Change | — | +11.3% | +4.5% | +2.2% | +10.0% | +3.4% | +3.5% | -2.6% | +2.9% | +42.8% | +7.8% | -3.7% | +3.4% | +0.3% | -3.1% | -1.1% | +2.6% | +1.4% | +0.5% | -1.6% |
| YoY Change | — | — | — | — | +30.8% | +21.5% | +20.3% | +14.7% | +7.3% | +48.2% | +54.4% | +52.6% | +53.4% | +7.8% | -3.2% | -0.6% | -1.4% | -0.3% | +3.4% | +2.9% |
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Frequently Asked Questions
- What is Extra Space Storage's self-storage operations — operating income (loss)?
- Extra Space Storage (EXR) reported self-storage operations — operating income (loss) of $494.91M in Q1 2026.
- How has Extra Space Storage's self-storage operations — operating income (loss) changed year-over-year?
- Extra Space Storage's self-storage operations — operating income (loss) increased by 2.9% year-over-year, from $480.80M to $494.91M.
- What is the long-term trend for Extra Space Storage's self-storage operations — operating income (loss)?
- Over 4 years (2021 to 2025), Extra Space Storage's self-storage operations — operating income (loss) has grown at a 19.4% compound annual growth rate (CAGR), from $972.38M to $1.98B.
- What does self-storage operations — operating income (loss) mean?
- The profit generated by the self-storage business segment after accounting for direct property operating costs.