Discontinued — last reported Q3 '25

Operating

Non-Cash Lease Expense

Extra Space Storage Non-Cash Lease Expense decreased by 2.3% to $3.15M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from $3.30M to $3.15M. Over 4 years (FY 2021 to FY 2025), Non-Cash Lease Expense shows an upward trend with a 62.0% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ3 2025

How to read this metric

An increase suggests an expansion of the company's physical footprint or equipment leasing arrangements.

Detailed definition

This reflects the non-cash amortization of right-of-use assets associated with operating leases under accounting standar...

Peer comparison

Standard for all companies reporting under modern lease accounting standards.

Metric ID: operating_lease_expense

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$458.00K$451.00K$473.00K$474.00K$465.00K$502.00K$462.00K$462.00K$480.00K$506.00K$516.00K$806.00K$806.00K$806.00K$806.00K$3.30M$3.15M$3.21M$3.23M$3.15M
QoQ Change-1.5%+4.9%+0.2%-1.9%+8.0%-8.0%+0.0%+3.9%+5.4%+2.0%+56.2%+0.0%+0.0%+0.0%+308.8%-4.3%+2.0%+0.4%-2.3%
YoY Change+1.5%+11.3%-2.3%-2.5%+3.2%+0.8%+11.7%+74.5%+67.9%+59.3%+56.2%+308.8%+291.1%+298.8%+300.4%-4.3%
Range$451.00K$3.30M
CAGR+50.1%
Avg YoY Growth+92.3%
Median YoY Growth+33.9%

Frequently Asked Questions

What is Extra Space Storage's non-cash lease expense?
Extra Space Storage (EXR) reported non-cash lease expense of $3.15M in Q1 2026.
How has Extra Space Storage's non-cash lease expense changed year-over-year?
Extra Space Storage's non-cash lease expense decreased by 4.3% year-over-year, from $3.30M to $3.15M.
What is the long-term trend for Extra Space Storage's non-cash lease expense?
Over 4 years (2021 to 2025), Extra Space Storage's non-cash lease expense has grown at a 62.0% compound annual growth rate (CAGR), from $1.87M to $12.89M.
What does non-cash lease expense mean?
The non-cash accounting charge for the use of leased assets.