earnings
confidence high
sentiment neutral
materiality 0.75
Extra Space Storage Q3 net income down 14.3%; Core FFO up 0.5%; guidance raised
Extra Space Storage Inc.
2025-Q3 EPS reported
$3.23
revenue$2,520,075,000
- Q3 net income per share $0.78 (-14.3% YoY); Core FFO $2.08 (+0.5% YoY).
- Same-store revenue -0.2%, NOI -2.5%; occupancy 93.7% (flat YoY).
- Recorded $105.1M net loss on assets held for sale and sold during Q3.
- Raised low end of FY Core FFO guidance to $8.12-$8.20; issued $800M 4.95% notes due 2033.
- Acquired 1 store ($12.8M); added 95 stores to management platform; total managed 2,222.