Extra Space Storage Q3 EPS falls 14.3%; Core FFO rises 0.5%, guidance range narrowed
Extra Space Storage reported third-quarter 2025 results, with net income of $0.78 per diluted share, down 14.3% from the prior year, including a $105.1 million loss on assets held for sale and sold. Core FFO was $2.08 per diluted share, up 0.5%, while same-store revenue fell 0.2% and same-store net operating income fell 2.5%. The company narrowed its 2025 Core FFO outlook to $8.12-$8.20 per share from $8.05-$8.25, raising the low end and lowering the high end.
Key points
- Q3 2025 net income of $0.78 per diluted share, down from $0.91 a year earlier, including a $105.1 million loss on assets held for sale and sold
- Q3 2025 Core FFO of $2.08 per diluted share, up 0.5% from $2.07
- Same-store revenue down 0.2% and same-store NOI down 2.5% for the quarter; ending same-store occupancy of 93.7%
- 2025 Core FFO guidance of $8.12-$8.20 per share, versus $8.05-$8.25 given on July 30, 2025
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.