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Extra Space Storage EXR Self-Storage Operations — Payroll and benefits

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CUBESelf Storage — Labor And Related Expense
$22.22M+3.9%
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MGRCPortable Storage — Wages And Benefits
$4.12M+17.0%
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PSAOn-site property manager payroll — Direct Costs of Leased and Rented Property or Equipment
$40.53M+2.3%
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PSASelf-storage facilities — Indirect Cost Of Operations
$37.45M+5.4%
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PSASelf Storage Operations — Direct Costs Of Leased And Rented Property Or Equipment
$305.68M+1.5%
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CUBESelf Storage — Cost Of Other Property Operating Expense
$16.54M+24.9%

Other financials

Income statement

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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

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Operating cash flow$489.9M+1.8%
CapEx$7.2M-9.2%
Free cash flow$482.6M+1.9%

Valuation

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Market cap$31.52B-0.5%
Enterprise value$32.15B-0.5%
P/E33.4×+0.9×
P/S9.2×-0.3×

Profitability

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Gross margin72.7%-1.4pp
Operating margin40.8%-1.2pp
Net margin27.7%-0.2pp
FCF margin54.4%-3.2pp

Returns & leverage

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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:LaborAndRelatedExpense.

The official record: Extra Space Storage’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extra Space Storage's self-storage operations — payroll and benefits?
Extra Space Storage (EXR) reported self-storage operations — payroll and benefits of $45.54M in Q1 2026.
How has Extra Space Storage's self-storage operations — payroll and benefits changed year-over-year?
Extra Space Storage's self-storage operations — payroll and benefits increased by 4.1% year-over-year, from $43.75M to $45.54M.
What is the long-term trend for Extra Space Storage's self-storage operations — payroll and benefits?
Over 3 years (2022 to 2025), Extra Space Storage's self-storage operations — payroll and benefits has grown at a 24.9% compound annual growth rate (CAGR), from $94.01M to $183.07M.
What does self-storage operations — payroll and benefits mean?
This represents the total compensation costs, including salaries, wages, and benefits, for personnel directly involved in the operation of self-storage facilities. It is a key component of property-level operating expenses and reflects the labor intensity of managing the storage portfolio.