Extra Space Storage, Inc. (EXR) Financials
Key financial figures for Extra Space Storage, Inc. (Q3 2026).
Core FFO of $2.17 per share rose 4.3% year over year as same-store NOI grew 4.6%, and management raised its 2026 Core FFO outlook to $8.40-$8.50. Core FFO was $2.17 per diluted share, up 4.3% from $2.08 a year earlier; Nareit FFO was $2.12 and GAAP diluted EPS was $1.17 versus $0.78 (the prior-year quarter carried a $105.1 million loss on real estate assets held for sale and sold). Same-store revenue rose 2.7% and same-store expenses fell 1.8%, producing same-store NOI growth of 4.6%; quarter-end same-store occupancy was 94.0% versus 93.7% a year earlier. Total revenues were $889.8 million versus $858.5 million a year earlier; tenant reinsurance revenue was $94.2 million and management fees and other income were $34.8 million. On the outlook: Full-year 2026 outlook raised on October 27, 2026 (prior ranges from July 28, 2026 in parentheses): Core FFO $8.40-$8.50 per share ($8.25-$8.40); same-store revenue growth 2.00%-2.50% (1.00%-2.00%); same-store expense growth 0.00%-0.50% (1.00%-2.00%); same-store NOI growth 2.50%-3.50% (0.50%-2.50%), on a same-store pool of 1,869 stores; acquisitions $400 million (from $300 million). Figures are for Q3 2026, as Extra Space Storage Inc. reported them.
- Revenue
- $890M
- Net Income
- $248M
- EPS
- $1.17
- Total Assets
- $29.0B
- Operating Cash Flow
- $467M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $890M | $248M | $1.17 | 44.04% | $426M |
| Q2 FY2026 | $874M | $263M | $1.25 | 44.86% | $549M |
| Q1 FY2026 | $856M | $241M | $1.14 | 42.94% | $386M |
| Q4 FY2025 | $918M | $283M | $1.30 | 48.69% | $362M |
| Q3 FY2025 | $778M | $170M | $0.78 | 35.9% |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $3.4B | $974M | $4.59 | 44.09% | $1.8B |
| FY2024 | $3.3B | $855M | $4.03 | 39.65% | $1.9B |
| FY2023 | $2.6B | $803M | $4.74 | 44.75% | $1.4B |
Frequently asked questions
What was Extra Space Storage Inc.'s revenue last quarter?
Extra Space Storage Inc. reported revenue of $889.8 million for Q3 FY2026, up 14.4% from the same period a year earlier.
Is Extra Space Storage Inc. profitable?
Yes. Extra Space Storage Inc. reported net income of $247.8 million for Q3 FY2026, a net margin of 27.84% on revenue.
How has Extra Space Storage Inc.'s margin trended?
Operating margin was 44.04% in Q3 FY2026, compared with 35.9% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Extra Space Storage Inc. generate?
Extra Space Storage Inc. generated free cash flow of $426.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Extra Space Storage, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.