Accumulated Depreciation
Extra Space Storage Accumulated Depreciation increased by 4.4% to $4.16B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.9%, from $3.49B to $4.16B. Over 4 years (FY 2021 to FY 2025), Accumulated Depreciation shows an upward trend with a 20.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Peer comparison
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
ppe_accumulated_depreciationHistorical Data
| 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 | $1.87B | $1.93B | $1.99B | $2.06B | $2.14B | $2.22B | $2.30B | $2.44B | $2.62B | $2.80B | $2.98B | $3.17B | $3.34B | $3.49B | $3.66B | $3.83B | $3.98B | $4.16B |
| QoQ Change | — | +3.3% | +3.3% | +3.5% | +3.7% | +3.7% | +3.5% | +6.3% | +7.5% | +6.8% | +6.5% | +6.2% | +5.4% | +4.6% | +4.8% | +4.6% | +4.0% | +4.4% |
| YoY Change | — | — | — | — | +14.5% | +15.0% | +15.2% | +18.4% | +22.7% | +26.3% | +30.0% | +29.8% | +27.2% | +24.7% | +22.7% | +20.8% | +19.3% | +18.9% |
| % of PP&E (Net) | 6427.2% | — | 5729.8% | 4827.1% | 4995.6% | 5075.3% | 5381.5% | 5348.5% | 5389.3% | 5695.6% | 6180.6% | 6327.9% | 6629.9% | 6993.6% | 7350.1% | 7420.2% | 6111.9% | 6708.9% |
| Share Change | — | — | — | -902.6pp | +168.5pp | +79.7pp | +306.2pp | -32.9pp | +40.7pp | +306.3pp | +485.0pp | +147.3pp | +301.9pp | +363.8pp | +356.4pp | +70.1pp | -1308.3pp | +597.0pp |
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Extra Space Storage's accumulated depreciation?
- Extra Space Storage (EXR) reported accumulated depreciation of $4.16B in Q1 2026.
- How has Extra Space Storage's accumulated depreciation changed year-over-year?
- Extra Space Storage's accumulated depreciation increased by 18.9% year-over-year, from $3.49B to $4.16B.
- What is the long-term trend for Extra Space Storage's accumulated depreciation?
- Over 4 years (2021 to 2025), Extra Space Storage's accumulated depreciation has grown at a 20.8% compound annual growth rate (CAGR), from $1.87B to $3.98B.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded against physical assets over time.