Company / Interest Expense
Extra Space Storage Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$419.0M
FY2023
5-year range
$22.7M / $419.0M
FY2019-FY2023
Trend
+91.2%
vs FY2022
Sector context
#9 of 61
Real Estate
What the data says
Extra Space Storage's interest expense of $419M is higher than 85% of companies in the Real Estate sector (FY2023). Interest Expense has fluctuated over the past 8 years, ranging from $23M in FY2021 to $419M in FY2023.
Based on SEC 10-K filings.
$419M in FY2023 with a 5-year CAGR of +25.7%. Top quartile in the Real Estate sector.
Increased from $23M to $419M over the past 2 years.
Real Estate sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +163.9%
- 5-Year CAGR
- +25.7%
- 10-Year CAGR
- -
Sector benchmark
+99.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +25.7%, indicating consistent growth.
- In FY2023, interest expense increased 91.2% year-over-year.
- Ranks #9 out of 61 companies in the Real Estate sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.58 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.4%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $419.0M | +91.2% |
| FY2022 | $219.2M | +865.1% |
| FY2021 | $22.7M | -0.4% |
| FY2020 | $22.8M | -6.6% |
| FY2019 | $24.4M | -81.7% |
| FY2018 | $133.5M | +446.9% |
| FY2017 | $24.4M | -81.7% |
| FY2016 | $133.5M | +39.5% |
As of FY2023 · SEC 10-K · Updated Jul 2, 2026