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EXR · Extra Space Storage Inc. · Debt

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$152.15 +2.25 (+1.50%) Q3 2026 earnings call transcript
Market Cap
$31.67B
Shares
211.27M
Volume · Oct 30 489.68K Avg daily vol (3M) 1.26M

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 13,900,000,000
As of Jun 30, 2026
Tracked instruments
1
Loans, facilities and note series
Annual baseline
—
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2026-06-30 total face value of debt USD 13,900,000,000 10-Q filed 2026-07-31
As of June 30, 2026, we had approximately $13.9 billion in total face value of debt, of which approximately $3.0 billion was subject to variable interest rates (excluding debt with interest rate swaps). If SOFR was to increase or decrease by 100 basis points, the increase or decrease in interest expense on the variable-rate debt would increase or decrease future earnings and cash flows by approximately $29.8 million annually.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Line of credit borrowings, including current maturities 2026-06-30 USD 1,617,000,000 10-Q filed 2026-07-31
Operating lease liabilities 2026-06-30 USD 767,584,000 10-Q filed 2026-07-31
Other notes payable 2026-06-30 USD 1,073,327,000 10-Q filed 2026-07-31
Unsecured debt, including current maturities 2026-06-30 USD 1,495,365,000 10-Q filed 2026-07-31
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.900% senior notes due 2032

Note · Extra Space Storage LP

Reference: 4.900% senior notes due 2032

Active
Original principal
USD 550,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.9% Reported 2026-06-25 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-24 Original principal USD 550,000,000 Exact source document Parent 8-K filing · 2026-06-25
    On June 24, 2026, Extra Space Storage LP (the “Issuer”), Extra Space Storage Inc. (the “Company”), ESS Holdings Business Trust I (“EHBT I”) and ESS Holdings Business Trust II (“EHBT II” and, together with the EHBT I and the Company, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the “Underwriters”), with respect to an underwritten public offering of $550 million aggregate principal amount of the Issuer’s 4.900% senior notes due 2032 (the “Notes”).
    Issuer evidence: On June 24, 2026, Extra Space Storage LP (the “Issuer”), Extra Space Storage Inc. (the “Company”), ESS Holdings Business Trust I (“EHBT I”) and ESS Holdings Business Trust II (“EHBT II” and, together with the EHBT I and the Company, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the “Underwriters”), with respect to an underwritten public offering of $550 million aggregate principal amount of the Issuer’s 4.900% senior notes due 2032 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantors.
    Supporting evidence: On June 24, 2026, Extra Space Storage LP (the “Issuer”), Extra Space Storage Inc. (the “Company”), ESS Holdings Business Trust I (“EHBT I”) and ESS Holdings Business Trust II (“EHBT II” and, together with the EHBT I and the Company, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the “Underwriters”), with respect to an underwritten public offering of $550 million aggregate principal amount of the Issuer’s 4.900% senior notes due 2032 (the “Notes”).
    Supporting evidence: On June 24, 2026, Extra Space Storage LP (the “Issuer”), Extra Space Storage Inc. (the “Company”), ESS Holdings Business Trust I (“EHBT I”) and ESS Holdings Business Trust II (“EHBT II” and, together with the EHBT I and the Company, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the “Underwriters”), with respect to an underwritten public offering of $550 million aggregate principal amount of the Issuer’s 4.900% senior notes due 2032 (the “Notes”).
Key facts CIK 1289490 CUSIP 30225T102 13F (30d) 262 filings 242 filers Visit website Investor relations