EXR · 8-K · 20261027PR000061
Share Repurchase Program
Extra Space Storage Inc. · 2026-10-27 · Importance 52 · Surprise 42 · In source text
Extra Space repurchased 2,390,497 shares during the third quarter for $327.1 million at an average $136.85 per share. After quarter-end it repurchased another 164,724 shares for $21.8 million, fully using the prior $500.0 million program. On October 15, 2026, the board authorized a new share repurchase program of up to $500.0 million. For the first nine months, repurchases totaled 2,401,606 shares for $328.6 million.
Key facts
- On October 15, 2026, the board authorized an updated share repurchase program allowing repurchases up to an aggregate value of $500.0 million. source
- During the third quarter of 2026, the Company repurchased 2,390,497 common shares for $327.1 million at an average price of $136.85 per share. source
- In the first nine months of 2026, the Company repurchased 2,401,606 common shares for $328.6 million at an average price of $136.81 per share. source
- After quarter end, the Company repurchased 164,724 shares for $21.8 million at an average price of $132.45 per share, fully using the capacity of its $500.0 million share repurchase program. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | On October 15, 2026, the board authorized an updated share repurchase program allowing repurchases up to an aggregate value of $500.0… |
| cash | negative | realized | — | In the first nine months of 2026, the Company repurchased 2,401,606 common shares for $328.6 million at an average price of $136.81 per… |