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Extra Space Storage EXR Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$874.2MMiss by $835.6K
EPS$1.25Beat by $0.09
Revenue estimate$875.0M
EPS estimate$1.16
Our operating systems and platform continue to optimize performance as we get deeper into the storage sector's recovery. Core FFO growth of 4.9% for the quarter was driven by strong occupancy, improving store performance, and smart expense control — with meaningful contributions from our ancillary businesses, including third-party management and bridge lending. We are never satisfied with, and always seek to improve, our technology, systems, process, and people, and it is gratifying to see that commitment reflected in our results.
Joe Margolis

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

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

Financials

Q2 2026

Income statement

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Revenue$874.2M+3.9%
Operating income$392.2M+4.9%
Net income$263.5M+5.5%
EPS (diluted)$1.25+5.9%

Balance sheet

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Cash & equivalents$695.2M+440%
Total debt$767.6M+3.3%
Total equity$13.3B-3.9%
Total assets$29.7B+1.0%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$30.44B+1.3%
Enterprise value$30.51B-0.5%
P/E31.8×+1.0×
P/S8.8×-0.2×

Profitability

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Operating margin40.9%-2.8pp
Net margin27.8%-1.7pp

Returns & leverage

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Return on equity7.1%+0.1pp
Debt / equity0.1×0.0×

Segments

By segment

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Tenant Reinsurance$93.1M+5.1%

FAQ

When did Extra Space Storage report Q2 2026 earnings?
Extra Space Storage (EXR) reported Q2 2026 earnings on July 28, 2026 after market close.
What were Extra Space Storage's Q2 2026 revenue and EPS?
Extra Space Storage reported revenue of $874.2M and eps of $1.25 for Q2 2026.
Did Extra Space Storage beat estimates in Q2 2026?
Revenue missed the consensus estimate of $875.0M by $835.6K. EPS beat the consensus estimate of $1.16 by $0.09.
How did Extra Space Storage's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.9% from $841.6M a year earlier and eps declined 39.0% from $2.05.
Where can I find Extra Space Storage's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001289490-26-000048) and the 10-Q periodic report (0001289490-26-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.