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EXR · Extra Space Storage Inc.

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$158.50 +0.30 (+0.19%) At close · Nov 13
Market Cap
$33.08B
Shares
208.72M
Volume · Nov 13 885.39K Avg daily vol (3M) 1.34M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$158.50 Open$159.15 Day$158.20–160.02 52W close$126.69–161.04 Avg vol 30d1.4M Short int4.9M · 2.3% of shares · 3.9d Short vol29% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 30

Up next

Feb 19, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Oct 30
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Extra Space Storage Inc. reported nine-month total revenues of 2,619,971, up 4.0%, and funds from operations attributable to common stockholders and unit holders of 1,359,925. Same-store net operating income increased 3.2%, and the company owned or managed 4,411 stores as of September 30, 2026.

Revenue $889.79M ▲ 3.6% Net income $247.76M ▲ 49.3% Diluted EPS $1.17 ▲ 50.0%
Read from the MD&A section
Oct 28
Earnings call
Q3 2026 earnings call

Extra Space reported third-quarter core FFO of $2.17 per share, up 4.3%, with same-store revenue growth of 2.7%. Full-year core FFO guidance rose to $8.40 to $8.50 per share, and Noah Springer succeeded as CEO.

Read from the first part of this long document
Oct 27
Current report 8-K
Financial results

Extra Space Storage Inc. reported third-quarter Core FFO of $2.17 per diluted share, up 4.3%, and same-store NOI growth of 4.6%; it set Core FFO guidance to $8.40 to $8.50 and named Noah Springer CEO effective January 1, 2027.

Jul 31
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Revenue $874.15M ▲ 3.9% Net income $263.47M ▲ 5.5% Diluted EPS $1.25 ▲ 5.9%
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$3.48B
Trailing 12 months
Net income (TTM)
$1.04B
Trailing 12 months
Revenue growth YoY
+3.6%
Year over year
Operating margin
43.8%
Trailing 12 months
P / FFO
18.9×
Company-stated · FY2025 · reciprocal yield 5.3%
P / E (TTM)
32.3
Trailing earnings · reciprocal yield 3.1%
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
4.1%
Trailing 12 months
Shares change YoY
-0.6%
Year over year · fewer shares
Price change (1Y)
+20.1%
Trailing year
Short interest
2.3%
Latest settlement · 3.9 days to cover
View all 129 metrics

AI Brief

Q3 FY26 earnings call · Oct 28, 2026
Q3 FY26

TL;DR. Extra Space reported Core FFO per-share growth of 4.3%, same-store revenue growth of 2.7%, same-store NOI growth of 4.6% and occupancy of 94.0%, while raising full-year Core FFO, same-store and acquisition guidance. The company continued substantial share repurchases, investments and redevelopment while maintaining ample liquidity, and announced a CEO transition. The recovery remains primarily supply-led, while steady demand, Los Angeles rate restrictions, property-tax pressure, a net third-party management store loss and property-sale losses remain risks.

Bullish
  • + Third-quarter Core FFO, same-store revenue, same-store NOI and occupancy all improved. new
  • + Management raised full-year Core FFO, same-store and acquisition guidance.
  • + The company repurchased substantial shares and renewed its repurchase authorization. new
  • + Acquisitions, bridge lending, third-party management and redevelopment continued to provide growth opportunities. new
  • + Noah Springer will become CEO on January 1, 2027 following a unanimously approved succession process. new
Bearish
  • − Demand remains steady rather than improving, leaving the recovery primarily dependent on moderating supply. new
  • − A new Los Angeles emergency order paused market-rate increases and could affect 2027. new
  • − Property-tax expense increased 4.9% in the quarter and remains difficult for management to control. new
  • − Property sales and a property held for sale produced a $5.8 million net loss in the quarter. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Very Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +11%
above
Price vs 50-day avg +12%
above
RSI (14) 72
overbought
MACD trend Positive
52-week position 93%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +14%
trailing
6-month return +10%
trailing
YTD return +22%
this year
Relative strength +10%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $142 › 200d $143 — 200d above 50d
Institutional flow Distributing
721 of 811 funds reported for Sep 30 · net -283.0K sh shares · +62 new
Insider flow Distributing
Net -$809.2K over 90 days · 100% sells
Short interest Falling
2.34% of shares out · ▼ -9.2% MoM · 3.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
811 holders — near 3-yr high, broad support
Squeeze score 61
elevated · 0–100
Fundamentals
Strong
Revenue growth +4%
Y/Y
EPS growth +14%
Y/Y
Valuation P/E 32.3
rich
Buyback $500.0M
authorized
Quant / Vol
risk profile
Very Low
Volatility 23%
annualized · 1-yr
Max drawdown −16%
past year
ATR 2.0%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Oct 28, 2026
full-year 2026
Core FFO Non-GAAP Raised $8.40 – $8.50
Jul 29, 2026 $8.25 – $8.40 changed to Oct 28, 2026 $8.40 – $8.50
by 2028
Redevelopment projects $600M
Projected average returns at least 9%
in 2026
Redevelopment Initiated $112M
not stated
Buyback program $500M
Previous outlook earlier release · from the 8-K filed Oct 27, 2026

Still-open targets the latest release did not restate under the same label.

Dilution per share from C of O and value add acquisitions · year ending December 31, 2026 $0.17
Same-store revenue growth · year ending December 31, 2026 2% – 2.5%
Same-store NOI growth · year ending December 31, 2026 2.5% – 3.5%
Same-store expense growth · year ending December 31, 2026 0% – 0.5%
Weighted average one-month SOFR · year ending December 31, 2026 3.71%
Net tenant reinsurance income · year ending December 31, 2026 $298M – $300M
Management fees and other income · year ending December 31, 2026 $138M – $139M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 2 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+11% Bullish
Price vs 50-day avg
+12% Bullish
RSI (14)
72 Bearish
MACD trend
Positive Bullish
52-week position
93% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $142 › 200d $143 — 200d above 50d
Institutional flow Distributing
721 of 811 funds reported for Sep 30 · net -283.0K sh shares · +62 new
Insider flow Distributing
Net -$809.2K over 90 days · 100% sells
Short interest Falling
2.34% of shares out · ▼ -9.2% MoM · 3.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
811 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $127 Now $159 · 93% Range high $161
vs 200-day avg +11% vs 50-day avg +12%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Average annual rent per occupied square foot, net of discounts and bad debt $19.95 the three months ended June 30, 2026 filing —
Average discounts as a percentage of rental revenues 2% the three months ended June 30, 2026 filing —
Average same-store square foot occupancy 94% the three months ended June 30, 2026 filing —
Funds from operations attributable to common stockholders and unit holders non-GAAP $457,305 the three months ended June 30, 2026 filing —
Properties included in same-store 1,870 the three months ended June 30, 2026 filing —
Same-store square foot occupancy as of period end 94.2% the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Industrial — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
EXR
Extra Space Storage Inc.
this stock
$33.08B +21.7% +3.7% 32.3 2.3%
PLD
Prologis, Inc.
$119.96B +0.8% +7.2% 28.4 1.8%
PSA
Public Storage
$62.14B +28.2% +2.7% 34.9 3.8%
EGP
Eastgroup Properties Inc
$10.63B +10.9% +12.7% 33.5 8.5%
CUBE
CubeSmart
$10.17B +24.6% +5.3% 29.6 3.6%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
812
% held
99.0%
Reported
721 of 811
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
733
View
Short & Settlement
Short Interest Falling
Shares short
4.9M
Days to cover
3.9d
Change
-492.0K sh
View
Short Volume
Short vol %
29%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
877
Value
$117.6K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
42.7%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$809.2K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Buy
Member
Julia Letlow
Amount
$1.0K–$15.0K
Traded
Feb 12, 2026
View
Financials
Financials
Revenue (FY)
$3.4B
Net income (FY)
$974.0M
EPS diluted
$4.59
View
Buybacks
Authorized
$500.0M
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 30, 2026
This year
16

Extra Space Storage Inc. reported nine-month total revenues of 2,619,971, up 4.0%, and funds from operations attributable to common stockholders and unit holders of 1,359,925. Same-store net operating income increased 3.2%, and the company owned or managed 4,411 stores as of September 30, 2026.

View
Proposed Sales
Value
$809.2K
Shares
5.0K
Filed
Nov 5, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
Extra Space Storage Inc. Announce…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
EXR -0.4% +13.5% +10.1% +4.7% +21.7%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -3.0% +14.7% +9.6% +4.9% +11.1%

Capital returns

Latest dividend
$1.62 / share · ex Sep 15, 2026
Declared · upcoming
$1.62 / share · ex Dec 15, 2026
Raised 165.6%
Paid (TTM)
$6.48 / share · 4 payouts
Dividend yield (TTM, derived)
4.09%
Full dividend history
Buyback program · as of Oct 15, 2026
Authorized
$500.00M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1289490 CUSIP 30225T102 13F (30d) 655 filings 587 filers Visit website Investor relations