Oct 27, 4:17 PM ET
Extra Space Storage reported third-quarter 2026 results with net income of $1.17 per diluted share, up 50.0% from a year earlier, and Core FFO of $2.17 per diluted share, up 4.3%. The company raised its full-year 2026 Core FFO estimate to $8.40-$8.50 from $8.25-$8.40 and said CEO Joe Margolis will be succeeded by President Noah Springer on January 1, 2027.
- Q3 2026 Core FFO was $2.17 per diluted share, up 4.3% from $2.08 a year earlier; FFO was $2.12 per diluted share.
- Same-store NOI rose 4.6% in the quarter, with same-store revenue up 2.7% and same-store expenses down 1.8%.
- 2026 Core FFO outlook raised to $8.40-$8.50 per share from $8.25-$8.40 given July 28, 2026.
- Repurchased 2,390,497 shares for $327.1 million in the quarter; Noah Springer becomes CEO effective January 1, 2027.
Read the filing on SEC.gov ↗
Aug 24, 6:34 AM ET
Extra Space Storage's board selected President W. Noah Springer to succeed Joseph D. Margolis as chief executive, effective January 1, 2027, when Margolis retires after serving through December 31, 2026. Margolis will then serve as an advisor to the board, and Springer will join the board on the same date.
- Springer, 47, has been President since January 2026 and joined the company in 2006.
- Springer's annual base salary will be $850,000, with continued eligibility for bonus and equity awards.
- Margolis has served as CEO since 2017 and will remain a director until December 31, 2026.
- The filing reports no financial results; the change is a leadership succession announced August 24, 2026.
Read the filing on SEC.gov ↗
Jul 28, 4:46 PM ET
Extra Space Storage reported second-quarter 2026 net income of $1.25 per diluted share, up 5.9% from a year earlier, and Core FFO of $2.15 per diluted share, up 4.9%. The company raised its full-year 2026 Core FFO estimate to $8.25 to $8.40 per share from $8.05 to $8.35, which signals a higher expected earnings level for shareholders.
- Q2 2026 net income of $1.25 per diluted share, up 5.9% from the same period in 2025
- Q2 2026 Core FFO of $2.15 per diluted share, up 4.9%; same-store NOI rose 3.5%
- 2026 Core FFO outlook raised to $8.25 to $8.40 per share from $8.05 to $8.35 (July 28, 2026)
- Same-store occupancy was 94.2% at June 30, 2026, versus 94.4% a year earlier
Read the filing on SEC.gov ↗
Jul 6, 4:02 PM ET
Extra Space Storage LP, a subsidiary of Extra Space Storage Inc., completed an underwritten public offering of $550 million of 4.900% Senior Notes due February 1, 2032, on July 6, 2026, priced at 99.702% of principal. The notes are guaranteed by the parent company and two Massachusetts business trusts, and the indenture includes limits on additional debt and a requirement to maintain a pool of unencumbered assets. The filing adds new long-term debt to the company's obligations, which is a routine financing step that shareholders should weigh against the cost and covenants of the notes.
- Principal amount: $550 million of 4.900% Senior Notes due February 1, 2032
- Public offering price was 99.702% of principal amount
- Interest payable February 1 and August 1 each year, starting February 1, 2027
- Notes are structurally subordinated to the issuer's secured debt and subsidiary liabilities
Read the filing on SEC.gov ↗
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