Extra Space Storage Inc. (EXR) stock
EXRNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3027% above fair value
$158.50+0.30 (+0.19%)
Close on Nov 13, 2026Market cap $33.08BP/E 32.2Yield 4.09%
Extra Space Storage operating margin
Operating margin is operating income as a percentage of revenue.
Extra Space Storage's operating margin for the twelve months ending Sep 30, 2026 was 43.8%. For fiscal 2025 it was 41.8%, against 40.6% the year before. The highest annual figure on record is 61.9% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 41.8% | +1.2 |
| FY2024 | Dec 31, 2024 | 40.6% | −5.1 |
| FY2023 | Dec 31, 2023 | 45.7% | −8.9 |
| FY2022 | Dec 31, 2022 | 54.6% | −7.3 |
| FY2021 | Dec 31, 2021 | 61.9% | +12.8 |
| FY2020 | Dec 31, 2020 | 49.1% | +0.6 |
| FY2019 | Dec 31, 2019 | 48.5% | −3.3 |
| FY2018 | Dec 31, 2018 | 51.8% | −7.4 |
| FY2017 | Dec 31, 2017 | 59.2% | +13.0 |
| FY2016 | Dec 31, 2016 | 46.2% | +8.5 |
| FY2015 | Dec 31, 2015 | 37.7% | −5.4 |
| FY2014 | Dec 31, 2014 | 43.0% | +2.0 |
| FY2013 | Dec 31, 2013 | 41.0% | +2.6 |
| FY2012 | Dec 31, 2012 | 38.4% | +3.4 |
| FY2011 | Dec 31, 2011 | 35.0% | +2.7 |
| FY2010 | Dec 31, 2010 | 32.3% | +6.6 |
| FY2009 | Dec 31, 2009 | 25.7% | −8.2 |
| FY2008 | Dec 31, 2008 | 33.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 44.0% | +11.5 |
| Q2 FY2026 | Jun 30, 2026 | 44.9% | +0.4 |
| Q1 FY2026 | Mar 31, 2026 | 42.9% | −4.5 |
| Q4 FY2025 | Dec 31, 2025 | 43.3% | −3.0 |
| Q3 FY2025 | Sep 30, 2025 | 32.5% | −4.2 |
| Q2 FY2025 | Jun 30, 2025 | 44.4% | +6.8 |
| Q1 FY2025 | Mar 31, 2025 | 47.4% | +5.4 |
| Q4 FY2024 | Dec 31, 2024 | 46.2% | +4.4 |
| Q3 FY2024 | Sep 30, 2024 | 36.7% | −3.4 |
| Q2 FY2024 | Jun 30, 2024 | 37.6% | −15.9 |
| Q1 FY2024 | Mar 31, 2024 | 42.0% | −10.4 |
| Q4 FY2023 | Dec 31, 2023 | 41.8% | −11.4 |
| Q3 FY2023 | Sep 30, 2023 | 40.1% | −14.0 |
| Q2 FY2023 | Jun 30, 2023 | 53.5% | −4.6 |
| Q1 FY2023 | Mar 31, 2023 | 52.4% | −0.7 |
| Q4 FY2022 | Dec 31, 2022 | 53.2% | −19.8 |
| Q3 FY2022 | Sep 30, 2022 | 54.1% | −0.8 |
| Q2 FY2022 | Jun 30, 2022 | 58.0% | +6.1 |
| Q1 FY2022 | Mar 31, 2022 | 53.1% | −14.1 |
| Q4 FY2021 | Dec 31, 2021 | 72.9% | +17.6 |
| Q3 FY2021 | Sep 30, 2021 | 54.9% | +7.3 |
| Q2 FY2021 | Jun 30, 2021 | 52.0% | +6.1 |
| Q1 FY2021 | Mar 31, 2021 | 67.2% | +19.9 |
| Q4 FY2020 | Dec 31, 2020 | 55.4% | +6.3 |
| Q3 FY2020 | Sep 30, 2020 | 47.6% | −0.6 |
| Q2 FY2020 | Jun 30, 2020 | 45.8% | −3.4 |
| Q1 FY2020 | Mar 31, 2020 | 47.3% | −0.4 |
| Q4 FY2019 | Dec 31, 2019 | 49.0% | −1.9 |
| Q3 FY2019 | Sep 30, 2019 | 48.2% | −1.8 |
| Q2 FY2019 | Jun 30, 2019 | 49.2% | +0.4 |
| Q1 FY2019 | Mar 31, 2019 | 47.7% | +0.8 |
| Q4 FY2018 | Dec 31, 2018 | 51.0% | +0.9 |
| Q3 FY2018 | Sep 30, 2018 | 50.0% | +0.8 |
| Q2 FY2018 | Jun 30, 2018 | 48.8% | −0.7 |
| Q1 FY2018 | Mar 31, 2018 | 46.9% | −0.3 |
| Q4 FY2017 | Dec 31, 2017 | 50.1% | +2.9 |
| Q3 FY2017 | Sep 30, 2017 | 49.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 49.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 47.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 47.2% | – |
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