Value-focused investor First Eagle Investment Management significantly increased its stake in Extra Space Storage (EXR) during the second quarter of 2026. According to its quarterly ownership filing, the firm boosted its share count by 102%, from 3.84 million to 7.75 million shares. The transaction increased the reported value of First Eagle's position to $1.13 billion as of the filing period's end on June 30, making it a more significant holding in its portfolio.
This disclosure comes from a mandatory 13F filing, which reveals positions held at the end of a quarter and does not reflect real-time trading activity. The increased investment occurred during a quarter where Extra Space Storage reported a 4.9% increase in Core Funds From Operations (FFO) per share and maintained high occupancy rates. The move lifted the self-storage REIT's weight in First Eagle's reported portfolio from 0.85% to 1.85%.