Earnings ·
Extra Space Storage Inc. reported second quarter 2026 financial results, achieving net income attributable to common…
EXRExtra Space Storage Inc.
Extra Space Storage Inc. reported second quarter 2026 financial results, achieving net income attributable to common stockholders of $1.25 per diluted share, a 5.9% increase year-over-year. Funds from operations (FFO) per diluted share was $2.07, while Core FFO was $2.15. Same-store net operating income increased 3.5% compared to the prior year, driven by a 2.4% increase in same-store revenue and a 0.5% decrease in same-store expenses. The company purchased 17 operating stores and acquired joint venture interests for $90.7 million during the quarter. Additionally, the company originated $140.6 million in mortgage and mezzanine bridge loans. Extra Space Storage Inc. is a real estate investment trust that owns and operates self-storage facilities.