Extra Space Storage (Extra Space Storage) Interest Expense : $-438 Mil (TTM As of Dec. 2023)

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What is Extra Space Storage Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Extra Space Storage's interest expense for the three months ended in Dec. 2023 was $ -140 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-438 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Extra Space Storage's Operating Income for the three months ended in Dec. 2023 was $ 346 Mil. Extra Space Storage's Interest Expense for the three months ended in Dec. 2023 was $ -140 Mil. Extra Space Storage's Interest Coverage for the quarter that ended in Dec. 2023 was 2.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Extra Space Storage Interest Expense Historical Data

The historical data trend for Extra Space Storage's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Extra Space Storage Interest Expense Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-191.27

-172.30

-166.18

-219.17

-437.82

Extra Space Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-72.92	-80.10	-86.37	-131.13	-140.22

Extra Space Storage Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-438 Mil.

Extra Space Storage (NYSE:EXR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Extra Space Storage's Interest Expense for the three months ended in Dec. 2023 was $-140 Mil. Its Operating Income for the three months ended in Dec. 2023 was $346 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $10,571 Mil.

Extra Space Storage's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	346.026	/	-140.223
	=	2.47

The higher the ratio, the stronger the company's financial strength is.

Extra Space Storage (Extra Space Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (NYSE:EXR) » Definitions » Interest Expense

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Traded in Other Exchanges

FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Executives

Joseph Saffire	director	6467 MAIN STREET, WILLIAMSVILLE NY 14221
Joseph D Margolis	director	C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Joseph J Bonner	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Mark G Barberio	director	19 WIK STREET, WILLIAMSVILLE NY 14221
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jennifer Blouin	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Matthew T Herrington	officer: EVP & COO	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Gwyn Goodson Mcneal	officer: EVP/Chief Legal Officer	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Samrat Sondhi	officer: SVP Operations	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Jefferson Scott Shreve	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Kenneth M. Woolley	director	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
P Scott Stubbs	officer: Senior VP Accounting	2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121
Diane Olmstead	director	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Spencer Kirk	director, officer: Chief Executive Officer	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
William N Springer	officer: EVP, Assets & 3rd Party Mgmt	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121