Extra Space Storage Q2 Core FFO $2.15, up 4.9% YoY; raises 2026 guidance

Extra Space Storage Inc.

Core FFO per diluted share $2.15 vs $2.05 YoY; net income $1.25 per share, up 5.9%.
Same-store NOI +3.5% (revenue +2.4%, expense -0.5%); occupancy 94.2%.
Raised 2026 Core FFO guidance to $8.25-$8.40 from $8.05-$8.35; same-store revenue growth raised to 1.0%-2.0%.
Acquired 17 operating stores and JV interest for $90.7M; issued $550M 4.90% notes due 2032.
Paid quarterly dividend $1.62 per share; added 67 stores to management platform, total 2,373 managed stores.

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