8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Extra Space Storage raises 2026 outlook after third-quarter Core FFO growth
Filed with the SEC on · Summarized by InvestorsBot
Extra Space Storage reported third-quarter 2026 net income of $1.17 per diluted share and Core FFO of $2.17 per diluted share, up 50.0% and 4.3% from the prior year, while same-store NOI increased 4.6% and occupancy reached 94.0% as of September 30. The company raised its 2026 Core FFO outlook to $8.40-$8.50 per share, repurchased $327.1 million of stock during the quarter, and said President Noah Springer will become CEO on January 1, 2027, when Joe Margolis retires as CEO and becomes a board adviser.