Extra Space Storage reported third-quarter net income of $1.17 per diluted share, a 50% increase year-over-year, driven by same-store NOI growth of 4.6%. Core FFO came in at $2.17 per share, up 4.3%, while the company raised its full-year Core FFO guidance to $8.40-$8.50 from a previous range of $8.25-$8.40. The firm also announced that President Noah Springer will succeed Joe Margolis as CEO on January 1, 2027. During the quarter, Extra Space repurchased $327.1 million in shares and paid a quarterly dividend of $1.62 per share. The company is a leading owner and operator of self-storage facilities in the United States.
