Extra Space Storage Q2 2026: Core FFO up 4.9%, guidance raised
Extra Space Storage beat the $1.1666 consensus EPS with $1.25 of diluted net income and lifted its 2026 Core FFO range to $8.25–$8.40, so the quarter reads Bullish despite only 2.4% same-store revenue growth. Read the numbers with one caveat: the raw XBRL fields in this filing tag revenue at $34.904 million and gross margin at -563.9%, both artifacts of segment-level tagging, not real results.
1 · Expected vs. Actual
Free preview belowDiluted GAAP EPS of $1.25 beat the $1.1666 consensus by about 7.2% and rose 5.9% year over year. Core FFO of $2.15 per share — the metric REIT investors watch most — grew 4.9%, and plain FFO of $2.07 rose from $1.98. One wrinkle: the structured net income field shows $263.471 million, which is the slice attributable to common stockholders, while total net income was $275.879 million.
Total revenue was $874.152 million, up 3.9% from $841.618 million a year earlier, with property rental of $746.164 million doing the heavy lifting. The structured data tags revenue at just $34.904 million because that is only the management-fees line, which is also why the -563.9% gross margin in the same data is an artifact rather than a real number. Same-store revenue rose 2.4%, so growth is steady but not fast.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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