Extra Space Storage Inc. Reports 2026 Third Quarter Results
PR Newswire•27/10/2026•16:10 ET
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Key Highlights
- ➤Core FFO $2.17 per diluted share, up 4.3% year over year
- ➤Same-store NOI increased 4.6% as revenue rose 2.7% and expenses fell 1.8%
- ➤2026 Core FFO guidance raised to $8.40-$8.50 per share
- ➤Extra Space will promote Noah Springer to CEO effective January 1, 2027
- ➤Repurchased 2,390,497 shares for $327.1 million at $136.85 average
Expert Statements
Joe Margolis, CEO of Extra Space Storage Inc.
“Our platform, portfolio and people continue to outperform, with Core FFO per share growth of 4.3% and accelerating same-store performance. We remain focused on disciplined capital allocation and compounding long-term value per share, including through the opportunistic repurchase of our shares this quarter. Our differentiating capabilities in pricing, customer acquisition and growth continue to drive strong results. Extra Space is entering its leadership transition from a position of strength, and I am confident in the opportunities ahead.”
Extra Space Storage Inc. Reports 2026 Third Quarter Results PR Newswire
SALT LAKE CITY, Oct. 27, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500 index, announced operating results for the three and nine months ended September 30, 2026.
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