Extra Space Storage Inc. — Third Quarter 2026 Earnings Summary

Extra Space Storage Inc. reported net income of $1.17 per diluted share for the third quarter of 2026, marking a 50% increase from the prior year period. The company achieved a 4.3% year-over-year growth in Core FFO per share to $2.17, driven by a 2.7% increase in same-store revenue and a 1.8% decrease in same-store expenses. During the quarter, the company repurchased over 2.3 million shares for $327.1 million and announced that President Noah Springer will succeed Joe Margolis as CEO effective January 1, 2027. Additionally, the company paid a quarterly dividend of $1.62 per share and updated its full-year 2026 Core FFO outlook to a range of $8.40 to $8.50.