EL7.AI
StocksMediumUpdated×3•Originally published 27 October 2026•Updated 28 October 2026•
1 min read

Extra Space Storage Raises 2026 Outlook Following 4.6% Same-Store NOI Growth

Key Facts

1Extra Space Storage achieved net income of $1.17 per diluted share for the third quarter of 2026.
2The net income represents a 50.0% increase compared to the same period in the prior year.

Extra Space Storage raised its full-year 2026 outlook for core FFO and same-store net operating income growth. PR Newswire reported that the upward revision follows a 4.6% increase in same-store net operating income during the third quarter, alongside net income of $1.17 per diluted share.

EXR closed at $143.37 on October 26, 2026, as results showed a 50.0% year-over-year jump in net income, aided by the absence of real estate asset sale losses from 2025. The company, which operates 4,411 self-storage stores, also repurchased 2,390,497 shares of its common stock at an average price of $136.85 during the third quarter.

Latest Updates · 2

  1. Notable·

    Update: Extra Space Storage raised its full-year 2026 outlook, with the company now projecting Core FFO per share to range between $8.40 and $8.50.

  2. Notable·

    Update: Extra Space Storage's Core FFO rose 4.3% to $2.17 per diluted share during the third quarter of 2026. Total revenues for the period reached $889.8 million, highlighting operational growth alongside the reported increase in net income.

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