EXR · 8-K · 20261027PR000061

Same-Property NOI Growth

Extra Space Storage Inc. · 2026-10-27 · Importance 37 · Surprise 32

For the third quarter of 2026, same-store revenue increased 2.7% to $701.7 million while same-store operating expenses declined 1.8% to $197.0 million, lifting same-store NOI 4.6% to $504.7 million. For the first nine months, same-store revenue increased 2.3% to $2.069 billion, expenses rose 0.1% to $592.8 million, and NOI grew 3.2% to $1.476 billion. Quarter-end same-store occupancy was 94.0%, up from 93.7% a year earlier, across 1,869 properties.

Key facts

• Same-store NOI for the first nine months of 2026 was $1,476.420 million, up 3.2% from $1,431.243 million in the prior-year period. source
• Same-store NOI for the third quarter of 2026 was $504.674 million, up 4.6% from $482.327 million in the prior-year quarter. source
• For the third quarter of 2026, same-store revenue increased 2.7%, same-store expense decreased 1.8%, and same-store NOI increased 4.6% year over year. source
• For the first nine months of 2026, same-store revenue increased 2.3%, same-store expense increased 0.1%, and same-store NOI increased 3.2% year over year. source
• On January 1, 2026, the Company increased the same-store pool from 1,804 to 1,871 stores; one store was removed after a casualty loss in the quarter ended March 31, and one after redevelopment in the quarter ended September 30, leaving 1,869 stores. source
• The same-store pool contained 1,869 properties for the three and nine months ended September 30, 2026. source