earnings
confidence high
sentiment neutral
materiality 0.60
Extra Space Storage Q1 2026 Core FFO $2.04 (+2% YoY); same-store revenue +1.7%
Extra Space Storage Inc.
2026-Q1 EPS reported
$1.14
revenue$856,027,000
- Net income of $1.14 diluted EPS (down 10.9% YoY); Core FFO of $2.04 per diluted share (up 2.0% YoY).
- Same-store revenue +1.7%, same-store NOI +1.2%; occupancy 93.0% vs 93.2% a year ago.
- Acquired one operating store for $12.5M; added 60 net stores to third-party management platform.
- Paid quarterly dividend of $1.62 per share; outlook reaffirmed: Core FFO $8.05-$8.35 for FY 2026.
- Repurchased 11,109 shares for $1.4M; $349.1M remaining under buyback authorization.