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.
EXR · Extra Space Storage Inc.
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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.
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.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;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.
- + 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
- − 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 adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative 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| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EXR
this stock
Extra Space Storage Inc.
|
$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- 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.
ViewPerformance
| 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
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.