Extra Space Storage Unsecured debt increased by 0.0% to $1.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 23.3%, from $1.95B to $1.50B. Over 5 years (FY 2020 to FY 2025), Unsecured debt shows an upward trend with a 4.6% CAGR.
Higher levels indicate reliance on corporate credit, which is generally favorable for operational flexibility but requires strong credit ratings.
This represents debt obligations that are not backed by specific collateral, relying instead on the company's general cr...
Common for large-cap REITs with strong balance sheets; smaller peers may rely more on secured debt.
non_current_liabilities_unsecured_debt| 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 | $1.74B | $1.74B | $1.74B | $2.34B | $2.34B | $2.67B | $2.25B | $3.25B | $2.65B | $2.25B | $2.25B | $2.19B | $2.19B | $1.95B | $1.95B | $1.49B | $1.49B | $1.50B |
| QoQ Change | — | +0.0% | +0.0% | +34.2% | +0.0% | +14.2% | -15.9% | +44.4% | -18.4% | -15.0% | +0.1% | -2.6% | -0.1% | -11.1% | +0.0% | -23.3% | -0.0% | +0.0% |
| YoY Change | — | — | — | — | +34.3% | +53.4% | +29.0% | +38.8% | +13.3% | -15.8% | +0.2% | -32.4% | -17.3% | -13.5% | -13.5% | -31.9% | -31.8% | -23.3% |