Extra Space Earnings Reports

Extra Space Storage delivered modest earnings growth in Q3 2025. While same-store revenue and NOI declined, the company increased Core FFO slightly and maintained strong occupancy. The company continues to expand via acquisitions and third-party management.

Extra Space Storage Inc. delivered solid second quarter results with net income attributable to common stockholders increasing by 34.1% to $1.18 per diluted share. Funds from operations (FFO) was $1.98 per diluted share, while Core FFO saw a slight decrease of 0.5% to $2.05 per diluted share. Same-store revenue remained flat, and same-store net operating income (NOI) decreased by 3.1%. The company maintained historically high occupancy and was active in external growth, including significant third-party management and bridge loan activities, and the buyout of joint venture partners' interests.

Extra Space Storage delivered stable earnings with high occupancy rates and modest revenue growth, despite a volatile economic environment.

Extra Space Storage Inc. achieved net income of $262.5 million, or $1.24 per diluted share, in Q4 2024. Core FFO per share increased to $2.03, while same-store occupancy improved to 93.7%. The company added 114 net new stores to its third-party management platform.

Extra Space Storage Inc. announced its Q3 2024 financial results, revealing a mixed performance. While net income attributable to common stockholders decreased by 5.2% year-over-year, Core FFO per share increased by 2.5%. Same-store revenue and NOI saw slight decreases, but the company maintained strong occupancy levels and expanded its third-party management platform.

Extra Space Storage Inc. reported a decrease in net income attributable to common stockholders, primarily due to a loss related to the write down of assets held for sale and non-cash expenses related to the Life Storage Merger. However, the company maintained strong occupancy levels and saw positive revenue growth in both the Extra Space and Life Storage same-store pools.

Extra Space Storage Inc. reported its first quarter results for 2024, which included a net income of $1.01 per diluted share and Core FFO of $1.96 per diluted share. The company saw a 1.0% increase in same-store revenue and a slight decrease of 0.5% in same-store NOI. Ending same-store occupancy was reported at 93.2%.

Extra Space Storage Inc. reported its Q4 2023 results, which included a decrease in net income attributable to common stockholders and a slight decrease in Core FFO per diluted share. The company focused on optimizing the performance of recently added Life Storage assets while maximizing the performance of legacy Extra Space Storage locations.

Extra Space Storage Inc. reported Q3 2023 results, which included the successful completion of its merger with Life Storage. The company has integrated Life Storage's operations and is on track to achieve total synergies by Q1 2024. Same-store revenue increased by 1.9%, and the company maintained strong same-store occupancy.

Extra Space Storage Inc. reported a net income attributable to common stockholders of $1.50 per diluted share. The company achieved funds from operations (FFO) of $2.06 per diluted share. Same-store revenue increased by 2.7%. The company revised its outlook for the back half of the year due to lower than expected new customer rates in June and July.

Extra Space Storage Inc. reported a net income of $1.46 per diluted share and FFO of $2.02 per diluted share for the first quarter of 2023. The company experienced growth in same-store revenue and net operating income, driven by strong occupancy.

Extra Space Storage Inc. reported Q4 2022 results, featuring a decrease in net income attributable to common stockholders, but an increase in FFO. The company also saw growth in same-store revenue and NOI.

Extra Space Storage Inc. announced strong operating results for the third quarter of 2022, with a 15.5% increase in same-store revenue and a 16.4% increase in same-store net operating income. The company's Core FFO grew by 19.5%, and it completed the acquisition of Storage Express, which is expected to drive future growth.

Extra Space Storage Inc. announced strong operating results for the second quarter of 2022, featuring a 38.4% increase in net income per diluted share, a 29.9% increase in Core FFO per diluted share, and a 21.7% increase in same-store revenue. The company actively expanded its portfolio through acquisitions and developments, and increased its annual FFO guidance for the second time this year.

Extra Space Storage Inc. announced strong first quarter 2022 results, with same-store revenue growth of 21.7% and FFO of $2.01 per diluted share. The company increased its quarterly dividend by 20% and is well-positioned for a strong leasing season.

Extra Space Storage Inc. announced exceptional Q4 2021 results, featuring all-time high occupancy and strong pricing power, leading to a 24.2% increase in same-store NOI. The company's Core FFO grew by 29.1%, driven by both internal and external growth strategies. Management anticipates continued solid storage fundamentals in 2022.

Extra Space Storage Inc. announced strong operating results for the third quarter of 2021, with a 59.1% increase in net income per diluted share to $1.40, a 41.2% increase in FFO per diluted share to $1.85, and significant growth in same-store revenue and NOI. The company also expanded its portfolio through acquisitions and third-party management agreements.

Extra Space Storage Inc. announced strong Q2 2021 results, with a 56.3% increase in net income per diluted share, a 33.3% increase in FFO per diluted share, and a 20.2% increase in same-store NOI. The company also increased its FFO guidance for the year by 8.3%.

Extra Space Storage Inc. announced strong operating results for the three months ended March 31, 2021. The company achieved a significant increase in net income per diluted share and FFO per diluted share compared to the same period in 2020. Same-store revenue and net operating income also increased, driven by record-high occupancy.

Extra Space Storage Inc. reported a strong fourth quarter with Core FFO growth of 16.5%. The company achieved all-time high occupancy levels and solid rental rate growth. They also added 165 stores to their management platform and invested almost $1 billion in capital in the storage sector.

Extra Space Storage Inc. reported a solid third quarter with FFO growth of 5.6%. Demand was healthy and vacates remained muted, resulting in strong occupancy and increased rental rates to new customers.

Extra Space Storage Inc. announced its Q2 2020 results, revealing a decrease in net income per share and same-store revenue and NOI, while FFO per share increased slightly. The company's operations were impacted by COVID-19, leading to lower rental rates and reduced fee collection. Due to the uncertainty, the company has elected not to reinstate 2020 annual guidance at this time.

Extra Space Storage Inc. reported a solid first quarter with a 12.2% increase in net income attributable to common stockholders, reaching $0.83 per diluted share. Funds from operations (FFO) stood at $1.24 per diluted share, with same-store revenue increasing by 1.9% and same-store net operating income (NOI) rising by 1.2%. The company withdrew its 2020 annual guidance due to the uncertainty caused by the COVID-19 pandemic.

Extra Space Storage Inc. reported a positive fourth quarter, marked by a 7.5% increase in net income attributable to common stockholders, a 2.5% rise in same-store revenue, and the addition of 41 stores to its third-party management platform.