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AI brief of an SEC Form 8-K · Extra Space Storage (EXR)

Extra Space Storage Q1 Core FFO rises 2.0% to $2.04 per share; 2026 guidance held

Positive Impact 3 of 5 earnings Written later

Extra Space Storage reported first-quarter 2026 results on April 28, 2026. Core FFO rose 2.0% to $2.04 per diluted share and same-store revenue grew 1.7%, while GAAP net income per diluted share fell 10.9% to $1.14, a comparison the company tied to a 2025 gain on real estate sales. The company kept its 2026 Core FFO outlook at $8.05 to $8.35 per share, unchanged from February 19, 2026.

Key points

  • Core FFO was $2.04 per diluted share, up 2.0% from $2.00 a year earlier; FFO was $1.97 per diluted share versus $1.93.
  • Same-store revenue rose 1.7% and same-store net operating income rose 1.2%, while same-store occupancy was 93.0% at March 31, 2026, down from 93.2%.
  • The 2026 Core FFO outlook of $8.05 to $8.35 per share was unchanged; the company raised its one-month SOFR assumption to 3.65% from 3.46%.

The filing

CompanyExtra Space Storage (EXR)
Form8-K, current report
Filed with the SECApr 28, 2026, 4:26 PM ET
Accession number0001289490-26-000034

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 April 28, 2026.

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.