Extra Space Storage Inc. reports news as a self-administered and self-managed REIT focused on self-storage properties in the United States. The company owns, operates and manages stores under the Extra Space brand, including storage units for personal use, boat storage, RV storage and business storage.
Recurring company updates include quarterly and annual operating results, FFO and Core FFO reconciliations, same-store revenue and expense metrics, dividend declarations and tax reporting for distributions. News also covers portfolio activity, third-party management, joint ventures, and governance or leadership changes tied to its REIT structure.
Extra Space Storage (NYSE: EXR) reported third-quarter diluted earnings of $1.17 per share, up 50.0% from the prior year. The comparison includes a loss on real estate assets sold in 2025. Core funds from operations, an adjusted operating earnings measure, rose 4.3% to $2.17 per diluted share. Same-store revenue increased 2.7%, expenses declined 1.8%, and net operating income rose 4.6%. Quarter-end occupancy reached 94.0%, versus 93.7% a year earlier.
The company repurchased $327.1 million of shares during the quarter and authorized a new program of up to $500.0 million on October 15. It bought four operating stores for $48.6 million and issued $550.0 million of 4.90% senior notes due 2032. Property sales and a property held for sale generated a $5.8 million net loss. President Noah Springer will succeed Joe Margolis as CEO effective January 1, 2027.
Extra Space Storage (EXR) will release its third-quarter financial results after the market closes on October 27, 2026.
The results cover the three and nine months ended September 30, 2026. A conference call on October 28, 2026, at 1:00 p.m. Eastern Time will review operating performance and recent events. CEO Joe Margolis will host, joined by President Noah Springer and CFO Jeff Norman.
Extra Space Storage (NYSE: EXR) announced that President Noah Springer will become chief executive officer effective January 1, 2027, following the year-end 2026 retirement of current CEO Joe Margolis. Margolis will remain CEO through December 31, 2026 and then serve as adviser to the Board. The Board unanimously approved the transition after a long-term succession process.
Springer, who joined Extra Space in 2006, has led the Company’s third-party management platform, Management Plus, which now includes almost 2,000 locations, and has overseen asset management, construction and development, human resources, and operations. According to the company, during Margolis’s CEO tenure, store count expanded from about 100 million to more than 340 million rentable square feet, stores increased from 1,400 to more than 4,400, market capitalization grew from approximately $9 billion to $30 billion, and annual revenue rose from $1.1 billion to $3.5 billion.
Extra Space Storage (NYSE: EXR) announced that its board of directors has declared a third quarter 2026 dividend of $1.62 per share on its common stock. The dividend will be paid on September 30, 2026 to stockholders of record as of the close of business on September 15, 2026.
Extra Space Storage (NYSE: EXR) announced that CEO Joe Margolis has been named a 2026 Glassdoor Best CEOs Award recipient, ranking No. 25 based on employee reviews collected between May 16, 2025, and May 16, 2026.
The award is based solely on voluntary, anonymous reviews from current and former employees, with no self-nomination process. Extra Space highlights this recognition as reflecting its company culture and core values. As of June 30, 2026, the company owned and/or operated 4,410 self-storage stores across 42 states and Washington, D.C., totaling about 3.0 million units and 341.0 million square feet of rentable space.
Extra Space Storage (NYSE: EXR) reported Q2 2026 net income attributable to common stockholders of $1.25 per diluted share, up 5.9% year over year. FFO was $2.07 per diluted share and Core FFO was $2.15, a 4.9% increase. Same-store revenue rose 2.4%, expenses declined 0.5%, and same-store NOI grew 3.5%, with ending same-store occupancy at 94.2%.
For the first half of 2026, Core FFO per diluted share increased 3.5% to $4.19, while net income per diluted share declined 2.5% due to a prior-year gain on asset sales. The company invested $103.2 million in operating stores year to date, originated $146.1 million in bridge loans, managed 2,373 stores, issued $550 million of 4.90% senior notes due 2032, and paid a Q2 dividend of $1.62 per share. Management raised 2026 Core FFO guidance to a range of $8.25–$8.40 per diluted share and improved same-store NOI growth assumptions.
Extra Space Storage (NYSE: EXR) will release financial results for the three and six months ended June 30, 2026, after market close on Tuesday, July 28, 2026. A conference call to discuss results is scheduled for 1:00 p.m. ET on Wednesday, July 29, 2026, with webcast and replay available via the company’s investor relations website.
Extra Space (NYSE:EXR) priced a public offering of $550 million aggregate principal amount of 4.900% senior notes due 2032 at 99.702% of principal. The notes mature on February 1, 2032 and are expected to close around July 6, 2026, subject to customary conditions.
The notes will be fully and unconditionally guaranteed by Extra Space and certain subsidiaries. According to the company, net proceeds will repay amounts outstanding under lines of credit and the commercial paper program, and support general corporate and working capital purposes, including potential acquisitions.
Extra Space Storage (NYSE: EXR) released its 2025 sustainability report, closing its 2018–2025 goal cycle and setting new 2030 targets. Key metrics include $30 million invested in solar, generating 68.6 GWh, and a 15% reduction in GHG emissions per square foot.
The company reports an emissions footprint 82% below the real estate sector average, recognition as one of “America’s Climate Leaders,” an “A” GRESB rating, a 4.2/5 Glassdoor score, and 91% customer satisfaction across 4,344 stores and 335.6 million square feet.
Extra Space Storage (NYSE:EXR) announced the election of Crystal Call Maggelet and RJ Pittman to its board at the May 14, 2026 annual meeting. Maggelet adds multi-unit retail and real estate expertise, while Pittman brings AI, data science, and digital transformation experience.
Nine of ten directors are independent, and five joined in the last five years, highlighting ongoing board refreshment and diverse skill sets.