Extra Space Storage Buildings and improvements increased by 0.4% to $23.33B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $22.55B to $23.33B. Over 4 years (FY 2021 to FY 2025), Buildings and improvements shows an upward trend with a 29.6% CAGR.
Increases indicate ongoing investment in physical capacity, while decreases reflect depreciation or the divestiture of facilities.
The book value of buildings and leasehold improvements used for operations. This reflects the company's investment in it...
Benchmark against peers based on the capital intensity of their manufacturing and R&D footprint.
ppe_buildings| 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 | $8.23B | $8.35B | $8.56B | $9.26B | $9.43B | $9.49B | $9.58B | $21.50B | $21.66B | $21.77B | $21.80B | $22.03B | $22.34B | $22.55B | $23.01B | $23.04B | $23.23B | $23.33B |
| QoQ Change | — | +1.5% | +2.6% | +8.1% | +1.8% | +0.7% | +0.9% | +124.5% | +0.8% | +0.5% | +0.2% | +1.1% | +1.4% | +1.0% | +2.0% | +0.1% | +0.8% | +0.4% |
| YoY Change | — | — | — | — | +14.6% | +13.7% | +11.9% | +132.3% | +129.8% | +129.4% | +127.6% | +2.5% | +3.1% | +3.6% | +5.5% | +4.6% | +4.0% | +3.5% |
| % of PP&E (Net) | 28310.7% | — | 24613.3% | 21672.3% | 22018.0% | 21711.4% | 22456.8% | 47127.7% | 44487.8% | 44245.7% | 45154.1% | 44008.3% | 44349.0% | 45143.1% | 46194.7% | 44664.7% | 35660.2% | 37664.2% |
| Share Change | — | — | — | -2941.0pp | +345.7pp | -306.6pp | +745.4pp | +24671.0pp | -2639.9pp | -242.1pp | +908.5pp | -1145.9pp | +340.7pp | +794.0pp | +1051.6pp | -1530.0pp | -9004.5pp | +2004.0pp |