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Extra Space Storage EXR Self-Storage Operations — Property taxes

Similar metrics at other companies

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CUBESelf Storage — Real Estate Tax Expense
$32.03M+6.1%
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PSAProperty taxes — Direct Costs of Leased and Rented Property or Equipment
$124.28M+1.1%
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CUBESelf Storage — Cost Of Other Property Operating Expense
$16.54M+24.9%
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PSASelf Storage Operations — Revenue
$1.13B+2.3%
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AVBSame Store — Property taxes
$82.04M+6.0%
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CUBESelf Storage — Real Estate Insurance
$3.45M-17.3%

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$30.7B-0.5%
Enterprise value$31.32B-0.5%
P/E32.5×+0.9×
P/S9×-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:RealEstateTaxExpense.

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 — property taxes?
Extra Space Storage (EXR) reported self-storage operations — property taxes of $83.98M in Q1 2026.
How has Extra Space Storage's self-storage operations — property taxes changed year-over-year?
Extra Space Storage's self-storage operations — property taxes increased by 5.1% year-over-year, from $79.88M to $83.98M.
What is the long-term trend for Extra Space Storage's self-storage operations — property taxes?
Over 3 years (2022 to 2025), Extra Space Storage's self-storage operations — property taxes has grown at a 28.7% compound annual growth rate (CAGR), from $153.56M to $327.02M.
What does self-storage operations — property taxes mean?
This metric reflects the mandatory tax assessments levied by local and state governments on the real estate properties within the self-storage segment. It is a non-discretionary expense that significantly impacts the net operating income of the properties.