Citable filing context
EXR's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | Extra Space Storage Inc. reported Q2 2026 net income of $1.25 per diluted share and Core FFO of $2.15. |
| Jul 6, 2026 | debt_offering | Extra Space Storage LP completed a public offering of $550 million of 4.900% senior notes due 2032. |
| Jun 25, 2026 | debt_offering | Extra Space Storage LP issued $550 million aggregate principal amount of 4.900% senior notes due 2032. |
| Jul 28, 2026 | Guidance: core_ffo_per_share | 8.25 to 8.40 |
| Jul 28, 2026 | Guidance: same_store_expense_growth | 1.00 to 2.00 |
| Jul 28, 2026 | Guidance: same_store_noi_growth | 0.50 to 2.50 |
| Jul 31, 2026 | mda_quarterly | Extra Space Storage (EXR) operates as a fully integrated, self-administered REIT, managing a portfolio of 4,410 self-storage properties across 42 states and Washington, D.C. as of June 30, 2026. The company’s revenue model is driven by two primary segments: self-storage operations, which rely on proprietary revenue management systems to adjust rental rates daily, and tenant reinsurance. Financial performance for the first half of 2026 reflects steady growth, with total revenues increasing 4.1% year-over-year to $1.73 billion. This growth is attributed to portfolio expansion through acquisitions and improved rental rates per occupied square foot. Same-store net operating income grew 2.4% for the six-month period, supported by high occupancy levels, which averaged 93.4%. Management maintains a disciplined balance sheet with a 30.2% enterprise value ratio and a weighted average interest rate of 4.3%. Liquidity remains robust, supported by $695.2 million in cash and an $850 million commercial paper program. While the company faces competitive pressures and seasonal demand fluctuations—typically peaking between May and September—it remains focused on leveraging economies of scale through asset clustering near major population centers. The company continues to prioritize maintaining its investment-grade credit ratings (BBB+/Baa2) while funding operations through internal cash flows and existing credit facilities. |
| May 1, 2026 | mda_quarterly | Extra Space Storage (EXR) reported total revenues of $856.0 million for the quarter ended March 31, 2026, a 4.4% increase year-over-year, driven by a 4.1% rise in property rental revenues to $733.2 million and a 5.2% increase in tenant reinsurance to $89.1 million. Revenue growth was primarily propelled by recent acquisitions, which added $22.7 million, alongside an $11.4 million increase from same-store properties. Funds from operations (FFO) rose 1.5% to $434.4 million, though net income fell to $252.4 million due to a non-recurring $35.8 million gain on real estate sales in the prior-year period. Same-store net operating income (NOI) grew 1.2% to $476.7 million across 1,870 stabilized stores, with average occupancy dipping slightly to 93.0% and average annual rent per occupied square foot rising to $19.92. Same-store expenses rose 2.7%, pressured by a 12.3% spike in insurance costs. EXR’s total portfolio reached 4,344 owned and managed stores across 42 states, with major concentrations in Florida, Texas, and California. The company managed $13.41 billion in total debt at a 4.3% weighted average interest rate, supported by $139.0 million in cash, an active $850.0 million commercial paper program, and an untapped $800.0 million at-the-market equity program. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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