Self-Storage Operations — Property operating expense
Extra Space Storage Self-Storage Operations — Property operating expense increased by 124.8% to $41.11M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 93.7%, from $21.23M to $41.11M. Over 3 years (FY 2022 to FY 2025), Self-Storage Operations — Property operating expense shows an upward trend with a 26.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests rising operational costs or aging infrastructure, while a decrease indicates effective cost management.
Detailed definition
This metric aggregates the direct costs of operating the physical storage properties, excluding major capital expenditur...
Peer comparison
Standard 'Property Operating Expenses' found in most REIT financial disclosures.
exr_segment_self_storage_operations_property_operating_expenseHistorical Data
| 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 | $9.75M | $9.75M | $9.75M | $9.75M | $14.34M | $14.34M | $14.34M | $14.34M | $20.22M | $16.20M | $19.54M | $18.54M | $21.23M | $17.53M | $21.12M | $18.29M | $41.11M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +47.2% | +0.0% | +0.0% | +0.0% | +41.0% | -19.9% | +20.7% | -5.1% | +14.5% | -17.4% | +20.5% | -13.4% | +124.8% |
| YoY Change | — | — | — | — | +47.2% | +47.2% | +47.2% | +47.2% | +41.0% | +12.9% | +36.2% | +29.3% | +5.0% | +8.2% | +8.1% | -1.3% | +93.7% |
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Frequently Asked Questions
- What is Extra Space Storage's self-storage operations — property operating expense?
- Extra Space Storage (EXR) reported self-storage operations — property operating expense of $41.11M in Q1 2026.
- How has Extra Space Storage's self-storage operations — property operating expense changed year-over-year?
- Extra Space Storage's self-storage operations — property operating expense increased by 93.7% year-over-year, from $21.23M to $41.11M.
- What is the long-term trend for Extra Space Storage's self-storage operations — property operating expense?
- Over 3 years (2022 to 2025), Extra Space Storage's self-storage operations — property operating expense has grown at a 26.1% compound annual growth rate (CAGR), from $38.98M to $78.17M.
- What does self-storage operations — property operating expense mean?
- Direct costs of running and maintaining the physical storage properties.