• Extra Space Storage Inc average operating margin for 2023 was 50.56%, a 12.78% decline from 2022.
• Extra Space Storage Inc average operating margin for 2022 was 57.97%, a 1.28% decline from 2021.
• Extra Space Storage Inc average operating margin for 2021 was 57.24%, a 18.83% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.