EXR · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

Extra Space Storage Inc. · 2026-10-30 · Importance 26 · Surprise 24

Extra Space acquired 22 wholly-owned stores during the nine months ended September 30, 2026, following 76 wholly-owned acquisitions during 2025. The company disposed of two wholly-owned stores during the first nine months of 2026, compared with 37 disposals during 2025. Acquisitions contributed to higher property rental revenue and property operating expenses, while dispositions partially offset the acquisition-related revenue increase. Acquisition and development of real estate assets used $376.0 million of cash in the first nine months of 2026, compared with $698.6 million in the prior-year period.

Key facts

• Extra Space Storage acquired 22 wholly-owned stores during the nine months ended September 30, 2026 and acquired 76 wholly-owned stores during 2025; acquisitions contributed to property rental revenue growth, partly offset by dispositions. source
• Extra Space Storage acquired 22 wholly-owned stores and disposed of two wholly-owned stores during the nine months ended September 30, 2026; it acquired 76 and disposed of 37 wholly-owned stores during 2025. source
• As of September 30, 2026, Extra Space Storage owned or held ownership interests in 2,448 operating stores: 2,028 wholly-owned, 12 in consolidated joint ventures, and 408 in unconsolidated joint ventures; it managed 1,963 third-party stores, for 4,411 owned and/or managed stores across 43 states and Washington, D.C. source