Discontinued — last reported Q3 '24
Tenant Reinsurance — Operating expenses:
Extra Space Storage Tenant Reinsurance — Operating expenses: decreased by 10.8% to $17.51M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 8.5%, from $19.13M to $17.51M. Over 2 years (FY 2021 to FY 2023), Tenant Reinsurance — Operating expenses: shows an upward trend with a 41.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may signal rising administrative costs or higher claims frequency.
Detailed definition
This represents the total costs incurred to operate the tenant reinsurance segment, including claims processing, adminis...
Peer comparison
Similar to operating expense ratios in insurance or financial services divisions of non-financial corporations.
exr_segment_tenant_reinsurance_operating_expensesHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.74M | $7.51M | $8.08M | $7.04M | $7.54M | $10.77M | $8.21M | $9.09M | $9.48M | $19.13M | $21.17M | $18.51M | $19.63M | $17.51M |
| QoQ Change | — | +11.5% | +7.6% | -12.9% | +7.0% | +42.9% | -23.8% | +10.7% | +4.3% | +101.8% | +10.7% | -12.6% | +6.1% | -10.8% |
| YoY Change | — | — | — | — | +11.9% | +43.4% | +1.6% | +29.1% | +25.8% | +77.6% | +157.9% | +103.6% | +107.0% | -8.5% |
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Frequently Asked Questions
- What is Extra Space Storage's tenant reinsurance — operating expenses:?
- Extra Space Storage (EXR) reported tenant reinsurance — operating expenses: of $17.51M in Q3 2024.
- How has Extra Space Storage's tenant reinsurance — operating expenses: changed year-over-year?
- Extra Space Storage's tenant reinsurance — operating expenses: decreased by 8.5% year-over-year, from $19.13M to $17.51M.
- What is the long-term trend for Extra Space Storage's tenant reinsurance — operating expenses:?
- Over 2 years (2021 to 2023), Extra Space Storage's tenant reinsurance — operating expenses: has grown at a 41.3% compound annual growth rate (CAGR), from $29.49M to $58.87M.
- What does tenant reinsurance — operating expenses: mean?
- The total costs required to run the tenant insurance business segment.