EXR · 10-Q · 2026Q3

Extra Space Storage Inc.

Filed 2026-10-30 · Real Estate · View original filing on EDGAR

Everything EXR's SEC filings said, ranked

Ranked Events

• Capital AllocationImportance 75 · Surprise 64
  During the first nine months of 2026, Extra Space repurchased $328.6 million of common stock, compared with $8.6 million in the prior-year period. The company paid $1.025 billion of common-stock dividends in the first…
• Joint Venture Impairment LossesImportance 59 · Surprise 82
  Extra Space fully impaired investments in two unconsolidated joint ventures during the third quarter of 2026, recognizing a $13.9 million loss. The comparable 2025 quarter included a $9.4 million net gain from selling…
• Net Income and ProfitabilityImportance 58 · Surprise 56
  Net income for the third quarter of 2026 was $259.4 million, compared with $174.0 million in the prior-year quarter, an increase of approximately 49%. Net income attributable to common stockholders rose to $247.8…
• Balance Sheet and LiquidityImportance 49 · Surprise 6
  At September 30, 2026, Extra Space had $114.8 million of cash and cash equivalents and $13.621 billion of debt at face value. Debt was 79.6% fixed-rate, including instruments treated as fixed-rate, and carried a 4.4%…
• Same-Property NOI GrowthImportance 31 · Surprise 32
  For the third quarter of 2026, same-store rental revenue increased 2.7% year over year to $701.7 million, while same-store operating expenses declined 1.8% to $197.0 million. Same-store net operating income rose 4.6%…
• Revenue Performance and MixImportance 31 · Surprise 32
  For the three months ended September 30, 2026, revenue increased 3.6% year over year to $889.8 million; for the nine months, revenue rose 4.0% to $2.620 billion. Nine-month property rental revenue grew 3.7% to $2.240…
• Acquisition / Partnership / DivestitureImportance 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…
• Occupancy and Leasing ActivityImportance 25 · Surprise 32
  Extra Space Storage’s same-store portfolio comprised 1,869 stabilized stores. Same-store square-foot occupancy at period-end was 94.0% in the third quarter and nine-month period of 2026, compared with 93.7% in the…
• Guidance / OutlookImportance 19 · Surprise 6
  Management expects cash flows generated by operations, existing cash and cash equivalents, available credit lines, and capital-markets access to cover reasonably anticipated cash needs over the next 12 months. Those…
• Seasonal Storage DemandImportance 10 · Surprise 6
  Self-storage demand and occupancy follow a seasonal pattern, with a greater portion of revenue and profits typically realized from May through September. Extra Space Storage historically reaches its highest occupancy…

Revenue by Product (in thousands)