Extra Space Storage Inc. Reports Q2 2026 Financial Results
Extra Space Storage Inc. (NYSE: EXR) reported financial results for the second quarter and first half of fiscal year 2026, showing growth in key metrics despite a slight decline in net income over six months due to prior-year gains from real estate sales. For Q2, the company achieved a 5.9% increase in net income per diluted share compared to last year, with Core FFO rising by 4.9%. Same-store revenue increased by 2.4%, and same-store NOI rose by 3.5%. The company also expanded its portfolio through acquisitions of $90.7 million worth of operating stores. Over the six months ended June 30, net income per diluted share decreased slightly due to a gain from real estate sales in 2025 but Core FFO still rose by 3.5%. The company continued to grow its third-party management platform and originated significant mortgage loans.
Tickers: $EXR