Extra Space Storage Inc. Reports 2026 Third Quarter Results
Extra Space Storage reported Q3 2026 net income of $1.17 per diluted share, up 50% YoY (prior year included a real estate loss), with Core FFO of $2.17 per share, up 4.3% year-over-year. Same-store revenue rose 2.7% and expenses fell 1.8%, driving same-store NOI up 4.6% with occupancy at 94.0% versus 93.7% a year ago. The company raised full-year 2026 Core FFO guidance to $8.40-$8.50 from $8.25-$8.40 and lifted same-store NOI growth assumptions to 2.50-3.50%.
Key figures
- Eps
- 1.17
- Revenue
- 889792000
- Guidance
- FY2026 Core FFO raised to $8.40-$8.50 (from $8.25-$8.40); same-store revenue growth 2.00-2.50%; same-store NOI growth 2.50-3.50%
- Revenue Yoy
- 3.65%
- Q3 buyback
- $327.1M at avg $136.85/share (2,390,497 shares)
- Core ffo yoy
- 4.3%
- Ffo per share
- 2.12
- Managed stores
- 2371
- Core ffo per share
- 2.17
- Fixed rate debt pct
- 79.6%
- Same store occupancy
- 94.0%
- Same store noi growth
- 4.6%
- Bridge loans outstanding
- $1.4 billion
- New buyback authorization
- $500.0M
- Same store expense change
- -1.8%
- Same store revenue growth
- 2.7%
- Quarterly dividend per share
- 1.62
AI analysis
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