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Extra Space Storage EXR Q1 2026 earnings

Reported April 28, 2026 · After market close

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

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$889.7M
EPS estimate$1.17

Financials

Q1 2026

Income statement

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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

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

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$27.69B-12.0%
Enterprise value$28.31B-11.7%
P/E29.3×-5.2×
P/S8.1×-1.5×

Profitability

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

Returns & leverage

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

Segments

By segment

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

FAQ

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 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 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.