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Extra Space Storage EXR Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$856.0MBeat by $4.7MDiluted EPS$2.04Beat by $0.88
Revenue estimate$851.4M
EPS estimate$1.16

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$864.9M
EPS estimate$1.16

Financials

Q1 2026

Income statement

See full
Revenue$856.0M+4.4%
Gross profit$617.7M+3.6%
Operating income$367.6M-5.4%
Net income$241.0M-11.0%
EPS (diluted)$1.14-10.9%

Balance sheet

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Cash & equivalents$143.4M+16.5%
Total debt$769.7M+9.2%
Total equity$13.3B-4.0%
Total assets$29.1B+0.4%

Cash flow

See full
Operating cash flow$489.9M+1.8%
CapEx$7.2M-9.2%
Free cash flow$482.6M+1.9%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$30.42B-12.0%
Enterprise value$31.05B-11.7%
P/E32.2×-5.7×
P/S8.9×-1.6×

Profitability

See full
Gross margin72.7%-1.4pp
Operating margin40.8%-1.2pp
Net margin27.7%-0.2pp
FCF margin54.4%-3.2pp

Returns & leverage

See full
Return on equity6.9%+0.5pp
Debt / equity0.1×0.0×

Segments

By segment

See full
Self-Storage Operations$733.2M+4.1%
Tenant Reinsurance$89.1M+5.2%

Versus estimates

Revenue

Q1 2026$856.0MBeat by $4.7M
Q4 2025$857.5MBeat by $2.9MQ3 2025$777.6MBeat by $44.5MQ2 2025$841.6MBeat by $109.4MQ1 2025$820.0MBeat by $112.4MQ4 2024$821.9MBeat by $114.6M

Diluted EPS

Q1 2026$2.04Beat by $0.88
Q4 2025$1.36Beat by $0.19Q3 2025$2.08Beat by $0.02Q2 2025$2.05Miss by $0.01Q1 2025$2.00Beat by $0.04Q4 2024$2.03Beat by $0.93

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Questions, answered.

When did Extra Space Storage report Q1 2026 earnings?
Extra Space Storage (EXR) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Extra Space Storage's Q1 2026 revenue and EPS?
Extra Space Storage reported revenue of $856.0M and diluted EPS of $2.04 for Q1 2026.
Did Extra Space Storage beat estimates in Q1 2026?
Revenue beat the consensus estimate of $851.4M by $4.7M. EPS beat the consensus estimate of $1.16 by $0.88.
How did Extra Space Storage's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.4% from $820.0M a year earlier and diluted EPS grew 2.0% from $2.00.
Where can I find Extra Space Storage's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001289490-26-000034) and the 10-Q periodic report (0001289490-26-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.