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Extra Space Storage Earnings Calls
| Release date | Apr 28, 2026 |
| EPS estimate | $1.12 |
| EPS actual | $1.14 |
| EPS Surprise | 1.79% |
| Revenue estimate | 851.351M |
| Revenue actual | 856.027M |
| Revenue Surprise | 0.549% |
| Release date | Feb 19, 2026 |
| EPS estimate | $1.17 |
| EPS actual | $1.36 |
| EPS Surprise | 16.24% |
| Revenue estimate | 854.609M |
| Revenue actual | 857.467M |
| Revenue Surprise | 0.334% |
| Release date | Oct 29, 2025 |
| EPS estimate | $2.06 |
| EPS actual | $2.08 |
| EPS Surprise | 0.97% |
| Revenue estimate | 733.044M |
| Revenue actual | 777.563M |
| Revenue Surprise | 6.07% |
| Release date | Jul 30, 2025 |
| EPS estimate | $2.06 |
| EPS actual | $2.05 |
| EPS Surprise | -0.485% |
| Revenue estimate | 732.192M |
| Revenue actual | 841.618M |
| Revenue Surprise | 14.94% |
Last 4 Quarters for Extra Space Storage
Below you can see how EXR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 30, 2025 |
| Price on release | $149.34 |
| EPS estimate | $2.06 |
| EPS actual | $2.05 |
| EPS surprise | -0.485% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $150.51 |
| Jul 25, 2025 | $150.86 |
| Jul 28, 2025 | $148.31 |
| Jul 29, 2025 | $151.91 |
| Jul 30, 2025 | $149.34 |
| Jul 31, 2025 | $134.36 |
| Aug 01, 2025 | $139.30 |
| Aug 04, 2025 | $138.06 |
| Aug 05, 2025 | $138.61 |
| 4 days before | -0.777% |
| 4 days after | -7.18% |
| On release day | -10.03% |
| Change in period | -7.91% |
| Release date | Oct 29, 2025 |
| Price on release | $141.76 |
| EPS estimate | $2.06 |
| EPS actual | $2.08 |
| EPS surprise | 0.97% |
| Date | Price |
|---|---|
| Oct 23, 2025 | $150.81 |
| Oct 24, 2025 | $150.26 |
| Oct 27, 2025 | $149.51 |
| Oct 28, 2025 | $146.92 |
| Oct 29, 2025 | $141.76 |
| Oct 30, 2025 | $134.80 |
| Oct 31, 2025 | $133.54 |
| Nov 03, 2025 | $131.20 |
| Nov 04, 2025 | $131.42 |
| 4 days before | -6.00% |
| 4 days after | -7.29% |
| On release day | -4.91% |
| Change in period | -12.86% |
| Release date | Feb 19, 2026 |
| Price on release | $146.09 |
| EPS estimate | $1.17 |
| EPS actual | $1.36 |
| EPS surprise | 16.24% |
| Date | Price |
|---|---|
| Feb 12, 2026 | $144.34 |
| Feb 13, 2026 | $146.36 |
| Feb 17, 2026 | $147.84 |
| Feb 18, 2026 | $145.18 |
| Feb 19, 2026 | $146.09 |
| Feb 20, 2026 | $152.75 |
| Feb 23, 2026 | $150.41 |
| Feb 24, 2026 | $149.68 |
| Feb 25, 2026 | $146.87 |
| 4 days before | 1.21% |
| 4 days after | 0.534% |
| On release day | 4.56% |
| Change in period | 1.75% |
| Release date | Apr 28, 2026 |
| Price on release | $141.04 |
| EPS estimate | $1.12 |
| EPS actual | $1.14 |
| EPS surprise | 1.79% |
| Date | Price |
|---|---|
| Apr 22, 2026 | $141.29 |
| Apr 23, 2026 | $142.66 |
| Apr 24, 2026 | $142.09 |
| Apr 27, 2026 | $139.63 |
| Apr 28, 2026 | $141.04 |
| Apr 29, 2026 | $140.53 |
| Apr 30, 2026 | $143.33 |
| May 01, 2026 | $142.06 |
| May 04, 2026 | $139.33 |
| 4 days before | -0.177% |
| 4 days after | -1.21% |
| On release day | -0.362% |
| Change in period | -1.39% |
Extra Space Storage Earnings Call Transcript Summary of Q1 2026
Extra Space Storage reported a solid start to 2026 with Q1 core FFO of $2.04 per share (up 2% YoY). Same-store revenue grew 1.7% and same-store NOI grew 1.2%, driven by improving occupancy (93% vs. 93.2% year-ago) and falling new supply in many markets. Management highlighted positive sequential momentum into April, continued positive new-customer rate trends, and the systems-driven pricing approach that optimizes total revenue. External growth remains diversified: management expects roughly $200 million of acquisitions in 2026 (with many deals expected in asset-light JV structures), the bridge loan program averaged ~$1.5 billion and continues to generate fee/interest income, and third-party management added net 60 stores to reach 1,916 managed locations. Balance sheet metrics are strong (83% fixed-rate debt, 4.3% weighted average rate, ~ $2 billion revolver capacity). Management is encouraged by early-year results but is maintaining full-year core FFO guidance of $8.05–$8.35/share to balance momentum with macro uncertainty; they will reassess after the leasing season. Key risks called out include macro factors (gas prices, inflation, consumer confidence) and continued variability in new supply and deal pricing.
