Capital Expenditures for Extra Space Storage (EXR)
According to Extra Space Storage's latest reported financial statements, the company's current capital expenditures (TTM) is $22.24M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$22.24M
YoY change
+3.0%
5Y CAGR
+24.4%
Peak year (2004)
$266.78M
Cumulative capital expenditures
$944.96M
CapEx history chart for Extra Space Storage (EXR) from 2001 to 2025
CapEx history table for Extra Space Storage (EXR) from 2001 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $21.14M | +3.0% | ||
| 2024 | $20.51M | +28.3% | ||
| 2023 | $15.99M | -29.9% | ||
| 2022 | $22.83M | +524.0% | ||
| 2021 | $3.66M | -48.4% | ||
| 2020 | $7.09M | -8.6% | ||
| 2019 | $7.76M | +80.7% | ||
| 2018 | $4.30M | -45.0% | ||
| 2017 | $7.82M | +57.4% | ||
| 2016 | $4.97M | -32.7% | ||
| 2015 | $7.38M | +52.8% | ||
| 2014 | $4.83M | -26.0% | ||
| 2013 | $6.52M | +93.8% | ||
| 2012 | $3.37M | -32.9% | ||
| 2011 | $5.02M | +157.9% | ||
| 2010 | $1.95M | -95.1% | ||
| 2009 | $39.33M | +1579.5% | ||
| 2008 | $2.34M | +118.7% | ||
| 2007 | $1.07M | -99.5% | ||
| 2006 | $210.78M | +107.2% | ||
| 2005 | $101.70M | -61.9% | ||
| 2004 | $266.78M | +50.0% | ||
| 2003 | $177.81M | — | ||
| 2002 | $0 | — | ||
| 2001 | $0 | — |
CapEx values are taken from Extra Space Storage's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Extra Space Storage (EXR) capital expenditures is $21.14M – edged up 3.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Extra Space Storage capital expenditures compounded at +24.4% per year, sustaining 2 straight years of year-over-year growth.
Extra Space Storage capital expenditures peaked at $266.78M in 2004; the latest annual figure is $21.14M in 2025 (92.1% below peak).
$266.78M stands as the all-time-high annual capital expenditures, posted in 2004, against a low of $0 during 2001.
Extra Space Storage (EXR) sits 7th of 8 Real Estate peers we track on this metric, against a peer median of $210.59M.
Extra Space Storage Capital Expenditures by Year
Extra Space Storage Capital Expenditures 2025: $21.14M
Extra Space Storage capital expenditures in 2025 was $21.14M, edged up 3.0% from 2024.
Extra Space Storage Capital Expenditures 2024: $20.51M
Extra Space Storage capital expenditures in 2024 was $20.51M, grew 28.3% from 2023.
Extra Space Storage Capital Expenditures 2023: $15.99M
Extra Space Storage capital expenditures in 2023 was $15.99M, declined 29.9% below 2022.
Extra Space Storage Capital Expenditures 2022: $22.83M
Extra Space Storage capital expenditures in 2022 was $22.83M, surged 524.0% from 2021.
Extra Space Storage Capital Expenditures 2021: $3.66M
Extra Space Storage capital expenditures in 2021 was $3.66M.
See more financial history for Extra Space Storage (EXR).
Sector peers — CapEx
Companies in the same sector as Extra Space Storage, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Equinix, Inc. (EQIX) | $4.31B | Real Estate |
| American Tower Corporation (AMT) | $1.68B | Real Estate |
| Simon Property Group, Inc. (SPG) | $912.35M | Real Estate |
| Public Storage (PSA) | $289.38M | Real Estate |
| Realty Income Corporation (O) | $131.80M | Real Estate |
| Welltower Inc. (WELL) | $33.80M | Real Estate |
| Prologis, Inc. (PLD) | $0 | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $0 | Real Estate |
Frequently asked questions
What is Extra Space Storage's capital expenditures?
- Latest reported capital expenditures for Extra Space Storage (EXR) is $22.24M (period ending December 31, 2025).
How has Extra Space Storage capital expenditures changed year-over-year?
- Extra Space Storage (EXR) capital expenditures changed +3.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Extra Space Storage capital expenditures?
- Extra Space Storage (EXR) capital expenditures compound annual growth rate is +24.4% over the most recent 5 years available.
When did Extra Space Storage capital expenditures hit its highest annual value?
- Extra Space Storage capital expenditures reached its highest annual value of $266.78M in 2004.
What was Extra Space Storage capital expenditures in 2024?
- Extra Space Storage (EXR) capital expenditures in 2024 was $20.51M.
What was Extra Space Storage capital expenditures in 2025?
- Extra Space Storage (EXR) capital expenditures in 2025 was $21.14M.
Metrics overview
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