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Extra Space Storage EXR Tenant reinsurance

Tenant reinsurance at other companies

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Net Lease Office PropertiesNLOP
$595K-90.3%
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Urban Edge PropertiesUE
$40.5M+16.6%
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Axis Capital HoldersAXS
$12.53M-0.8%
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
$19.69M+15.2%
CareTrust logo
CareTrustCTRE
$2.4M+4.3%
SiriusPoint logo
SiriusPointSPNT
$19.6M+4.3%

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+2.1%
Enterprise value$31.32B+2.1%
P/E32.5×+1.7×
P/S-0.1×

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 exr:TenantReinsuranceExpense.

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 tenant reinsurance?
Extra Space Storage (EXR) reported tenant reinsurance of $17.87M in Q1 2026.
How has Extra Space Storage's tenant reinsurance changed year-over-year?
Extra Space Storage's tenant reinsurance increased by 4.4% year-over-year, from $17.12M to $17.87M.
What is the long-term trend for Extra Space Storage's tenant reinsurance?
Over 4 years (2021 to 2025), Extra Space Storage's tenant reinsurance has grown at a 23.6% compound annual growth rate (CAGR), from $29.49M to $68.87M.
What does tenant reinsurance mean?
The direct costs incurred to provide or facilitate tenant insurance programs, including claims processing and administrative overhead. This is the expense counterpart to the tenant reinsurance revenue stream.