What is Extra Space Storage's tenant reinsurance — operating income (loss)?

Extra Space Storage (EXR) reported tenant reinsurance — operating income (loss) of $71.25M in Q1 2026.

How has Extra Space Storage's tenant reinsurance — operating income (loss) changed year-over-year?

Extra Space Storage's tenant reinsurance — operating income (loss) increased by 5.4% year-over-year, from $67.60M to $71.25M.

What is the long-term trend for Extra Space Storage's tenant reinsurance — operating income (loss)?

Over 4 years (2021 to 2025), Extra Space Storage's tenant reinsurance — operating income (loss) has grown at a 19.2% compound annual growth rate (CAGR), from $140.62M to $284.00M.

What does tenant reinsurance — operating income (loss) mean?

The profit generated by the tenant reinsurance segment after accounting for direct operating costs.

Business Segments · Operating Income (Loss)

Tenant Reinsurance — Operating Income (Loss)

Extra Space Storage Tenant Reinsurance — Operating Income (Loss) decreased by 1.3% to $71.25M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from $67.60M to $71.25M. Over 4 years (FY 2021 to FY 2025), Tenant Reinsurance — Operating Income (Loss) shows an upward trend with a 19.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ1 2013

Last reportedQ1 2026

Rolls up toOperating Income

How to read this metric

Higher operating income reflects improved underwriting margins or increased scale in the insurance business.

Detailed definition

This metric measures the profitability of the tenant reinsurance segment after deducting direct operating expenses from...

Peer comparison

Comparable to segment-level operating profit margins in service-oriented business units of real estate companies.

Metric ID: exr_segment_tenant_reinsurance_operating_income_loss

Historical Data

20 periods

	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	$35.60M	$36.75M	$35.81M	$36.76M	$38.89M	$37.10M	$39.23M	$38.62M	$38.95M	$50.00M	$49.24M	$62.84M	$64.07M	$66.54M	$65.46M	$67.60M	$71.63M	$72.56M	$72.22M	$71.25M
QoQ Change	—	+3.2%	-2.5%	+2.6%	+5.8%	-4.6%	+5.7%	-1.6%	+0.9%	+28.4%	-1.5%	+27.6%	+2.0%	+3.8%	-1.6%	+3.3%	+6.0%	+1.3%	-0.5%	-1.3%
YoY Change	—	—	—	—	+9.2%	+1.0%	+9.5%	+5.1%	+0.2%	+34.8%	+25.5%	+62.7%	+64.5%	+33.1%	+32.9%	+7.6%	+11.8%	+9.1%	+10.3%	+5.4%

Range$35.60M – $72.56M

CAGR+15.7%

Avg YoY Growth+20.2%

Median YoY Growth+9.9%

Current Streak2 quarters decline

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Frequently Asked Questions

What is Extra Space Storage's tenant reinsurance — operating income (loss)?: Extra Space Storage (EXR) reported tenant reinsurance — operating income (loss) of $71.25M in Q1 2026.
How has Extra Space Storage's tenant reinsurance — operating income (loss) changed year-over-year?: Extra Space Storage's tenant reinsurance — operating income (loss) increased by 5.4% year-over-year, from $67.60M to $71.25M.
What is the long-term trend for Extra Space Storage's tenant reinsurance — operating income (loss)?: Over 4 years (2021 to 2025), Extra Space Storage's tenant reinsurance — operating income (loss) has grown at a 19.2% compound annual growth rate (CAGR), from $140.62M to $284.00M.
What does tenant reinsurance — operating income (loss) mean?: The profit generated by the tenant reinsurance segment after accounting for direct operating costs.