8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Extra Space Storage raises 2026 Core FFO outlook after second-quarter growth
Filed with the SEC on · Summarized by InvestorsBot
Extra Space Storage reported second-quarter 2026 net income of $1.25 per diluted share and Core FFO of $2.15 per share, up 5.9% and 4.9%, respectively, from a year earlier; same-store NOI increased 3.5% as revenue rose 2.4% and expenses declined 0.5%. The company raised its 2026 Core FFO outlook to $8.25-$8.40 per share from $8.05-$8.35, while purchasing 17 operating stores and a joint-venture interest for $90.7 million, originating $140.6 million in bridge loans, and paying a $1.62 quarterly dividend.