Extra Space Storage (EXR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Extra Space Storage published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Extra Space Storage reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Core FFO per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Extra Space Storage is a REIT. Revenue here is the total revenues line of its statement of operations, and the adjusted per-share figure is Core FFO (funds from operations excluding adjustments), the measure the company highlights.
• Q3 2025 GAAP EPS of $0.78 included a $105.1 million loss on real estate assets held for sale and sold.

Source: Extra Space Storage Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Extra Space Storage splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Extra Space Storage's Property rental revenue was $761 million in Q3 2026, up 3% from $736 million in Q3 2025, 86% of total revenue.
• Extra Space Storage's Tenant reinsurance revenue was $94.2 million in Q3 2026, up 4% from $90.3 million in Q3 2025, 11% of total revenue.
• Extra Space Storage's Management fees and other income revenue was $34.8 million in Q3 2026, up 7% from $32.5 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Extra Space Storage gives its outlook as a table of low and high estimates for the year; each line above shows the low end, then the high end.

In its Q3 2026 release, Extra Space Storage said:

“Core FFO $8.40 $8.50”

“Same-store revenue growth 2.00% 2.50%”

“Same-store NOI growth 2.50% 3.50%”

“Net income attributable to common stockholders per diluted share $4.48 $4.58”

Source: Extra Space Storage Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the EXR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Extra Space Storage's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

Extra Space Storage earns most of its revenue renting self-storage units. In Q3 2026 property rental revenue was $760.8 million of $889.8 million in total revenues, tenant reinsurance (insurance on goods tenants store) $94.2 million, and management fees and other income $34.8 million. (Extra Space Storage Q3 2026 release, Oct 27, 2026; Extra Space Storage Form 10-Q, Q3 2026, Oct 30, 2026)

Extra Space Storage's 10-Q attributes the rise in property rental revenue to acquisitions (22 wholly-owned stores in the first nine months of 2026 and 76 in 2025), partly offset by dispositions, and to higher average annual rent per occupied square foot. (Extra Space Storage Form 10-Q, Q3 2026, Oct 30, 2026)

On a same-store basis, covering 1,869 stores, revenues rose 2.7% to $701.7 million while operating expenses fell 1.8% to $197.0 million, so same-store net operating income rose 4.6% to $504.7 million. Same-store occupancy was 94.0% at quarter end, against 93.7% a year earlier. Property taxes, the largest same-store expense, rose 4.9% to $80.8 million. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

Extra Space Storage is a self-managed REIT that conducts substantially all of its business through its operating partnership. It had equity interests in 2,448 operating stores at September 30, 2026: 2,028 wholly-owned, 12 in consolidated joint ventures and 408 in unconsolidated joint ventures. It also managed 1,963 stores for third parties, for 4,411 stores in 43 states and Washington, D.C., and calls itself the largest self-storage management company in the United States. (Extra Space Storage Form 10-K, 2025, Feb 20, 2026; Extra Space Storage Form 10-Q, Q3 2026, Oct 30, 2026; Extra Space Storage Q3 2026 release, Oct 27, 2026)

Extra Space Storage reported GAAP diluted EPS of $1.17, up 50.0% from $0.78. The Q3 2025 figure included a $105.1 million loss on real estate assets held for sale and sold; the equivalent loss in Q3 2026 was $5.8 million. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

As a REIT, Extra Space Storage highlights FFO, which adds back real estate depreciation ($178.8 million in the quarter) and gains or losses on property. FFO was $2.12 per diluted share and Core FFO, which also excludes non-cash interest on unsecured senior notes and amortization of intangibles from the Life Storage merger, was $2.17, up 4.3% from $2.08. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

Extra Space Storage repurchased 2,390,497 shares for $327.1 million at an average of $136.85 in Q3 2026 and another 164,724 shares after quarter end, using up its $500.0 million program. On October 15, 2026 its board authorized a new program of up to $500.0 million. The quarterly dividend was $1.62 per share. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Extra Space Storage publishes a full-year outlook table in each release. With Q3 2026 it raised its 2026 Core FFO range to $8.40 to $8.50 per share from $8.25 to $8.40, same-store revenue growth to 2.00% to 2.50% from 1.00% to 2.00%, and same-store NOI growth to 2.50% to 3.50% from 0.50% to 2.50%. It cut its same-store expense growth range to 0.00% to 0.50%. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

On a GAAP basis the outlook implies net income attributable to common stockholders of $4.48 to $4.58 per diluted share for 2026. The table also assumes $400,000,000 of acquisitions, up from $300,000,000. (Extra Space Storage Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Extra Space Storage, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Extra Space Storage's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning EXR is on is EXR a buy or a sell?, what analysts expect next is on the EXR forecast, and what the company does is on the Extra Space Storage (EXR) stock page.

Every number on this page can be traced to a document Extra Space Storage published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.