Extra Space Storage's second quarter 2026 Core FFO beats estimates as the company raises full-year guidance.

Extra Space Storage reported second quarter 2026 Core FFO of $2.15 per share on total revenues of $874.2 million, beating analyst estimates. The company demonstrated strong operational performance, driven by same-store results that prompted an increase in its full-year 2026 financial outlook.

Key Highlights

• Core FFO per share grew 4.9% year-over-year to $2.15, exceeding the consensus estimate of $2.06.
• Same-store revenue increased by 2.4% while same-store operating expenses decreased by 0.5%, resulting in strong same-store NOI growth of 3.5%.
• The company raised its full-year 2026 outlook for Core FFO to a range of $8.25-$8.40 per share, up from $8.05-$8.35, and increased its same-store revenue growth guidance to 1.0%-2.0%.