EXR · News · 20260805N
Guidance / Outlook
Extra Space Storage Inc. · 2026-08-05 · Importance 62 · Surprise 68 · In source text
Extra Space Storage upgraded its full-year 2026 outlook for same-store revenue growth to 1%-2%. It also raised its same-store Net Operating Income outlook to 0.5%-2.5%. The revised outlook indicates management expects modest operating improvement despite expense growth and challenging market conditions.
Key facts
- Extra Space Storage Inc. upgraded its full-year 2026 outlook for same-store revenue growth to 1%-2%. source
- Extra Space Storage Inc. upgraded its full-year 2026 outlook for same-store Net Operating Income (NOI) growth to 0.5%-2.5%. source
- Simply Wall St's analysis projects a $155.70 fair value for Extra Space Storage, indicating a 4% upside from its current price. source
- CEO Joseph D. Margolis reported two bona fide gift transactions involving 27,006 shares of common stock on August 4, 2026. source
- The transactions included a disposition of 13,503 indirectly held shares and an acquisition of 13,503 shares held through a revocable trust, both at a price of $0.00 per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Extra Space Storage Inc. upgraded its full-year 2026 outlook for same-store revenue growth to 1%-2%. |
| operating_income | positive | probable | — | Extra Space Storage Inc. upgraded its full-year 2026 outlook for same-store Net Operating Income (NOI) growth to 0.5%-2.5%. |