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Operating Expense Breakdown
Details core costs such as property management, maintenance, and administrative expenses, providing insight into how efficiently Extra Space Storage operates and where it focuses its spending.A sharp inflection in Sept‑2023 reflects the Life Storage merger — one‑time transition costs plus a permanent step‑up in depreciation and property‑ops as the footprint and managed‑store platform enlarged. G&A has climbed more gradually with scale, while recent Q1 weather and insurance timing created short‑term volatility. Management asks investors to normalize for the merger and weather noise (they expect ~1.5% expense growth ex‑weather and flat insurance renewals) and points to asset‑light JV growth as a check on further recurring cost escalation.
Date | General and Administrative | Depreciation and Amortization | Property Operations | Tenant Reinsurance | Transaction Costs and Acquisition Costs | Life Storage Merger Transition Costs |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $47.31M | $185.61M | $231.72M | $17.32M | $0.00 | $0.00 |
Mar 31, 2026 | $46.51M | $185.79M | $238.30M | $17.87M | $0.00 | $0.00 |
Dec 31, 2025 | $51.94M | $180.09M | $231.46M | $17.03M | $0.00 | $0.00 |
Sep 30, 2025 | $43.48M | $177.47M | $235.49M | $17.78M | $0.00 | $0.00 |
Jun 30, 2025 | $44.95M | $177.27M | $227.62M | $16.95M | $0.00 | $0.00 |
Mar 31, 2025 | $45.97M | $180.36M | $223.58M | $17.12M | $0.00 | $0.00 |
Dec 31, 2024 | $44.02M | $196.20M | $221.11M | $18.24M | $0.00 | $0.00 |
Sep 30, 2024 | $39.75M | $195.05M | $209.03M | $17.51M | $0.00 | $0.00 |
Jun 30, 2024 | $39.90M | $194.81M | $196.90M | $19.63M | $0.00 | $0.00 |
Mar 31, 2024 | $43.72M | $196.97M | $204.52M | $18.50M | $0.00 | $0.00 |