For Q1 FY2026 (ended March 31, 2026), Extra Space Storage reported revenue of $856.0 million, up 4.4% year-over-year. Net income was $241.0 million, down 11.0% from the prior year, and diluted EPS was $1.14, a decrease of 10.9%. Operating income fell 5.4% to $367.6 million.
•Revenue increased 4.4% YoY to $856.0 million.
•Net income decreased 11.0% YoY to $241.0 million.
•Diluted EPS declined 10.9% to $1.14.
•Operating income fell 5.4% to $367.6 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Salt Lake City, Utah is a self-administered and self-managed REIT and a member of the S&P 500
Extra Space Storage Inc., headquartered in Salt Lake City, Utah is a self-administered and self-managed REIT and a member of the S&P 500. As of March 31, 2026, the Company owned and/or operated 4,344 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 335.6 million square feet of rentable space operating under the Extra Space brand.
The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.
Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT) that owns and operates self-storage properties across the United States. As of March 31, 2026, the company owned and/or operated 4,344 self-storage stores in 42 states and Washington, D.C. These stores comprise approximately 3.0 million units and about 335.6 million square feet of rentable space, all operating under the Extra Space brand. The company offers a wide selection of storage units for personal and business use, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States, providing customers with conveniently located and secure storage solutions.
Where is Extra Space Storage Inc. (EXR) listed and in which currency?
Extra Space Storage Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol EXR. The company's shares are traded in US dollars (USD), reflecting its primary operations and headquarters in the United States. As a US-based REIT, its financial reporting and dividends are also denominated in USD.
What sector and industry does Extra Space Storage Inc. (EXR) belong to?
Extra Space Storage Inc. operates in the Real Estate sector and is classified under the REIT - Industrial industry. As a real estate investment trust, it focuses on owning and managing income-producing real estate assets, specifically self-storage properties. The REIT structure requires the company to distribute at least 90% of its taxable income to shareholders as dividends, making it a popular choice for income-focused investors. The industrial REIT category typically includes properties used for storage, distribution, and logistics, and Extra Space Storage is the largest operator of self-storage properties in the United States.
Where is Extra Space Storage Inc. (EXR) headquartered and what markets does it serve?
Extra Space Storage Inc. is headquartered in Salt Lake City, Utah, United States. The company serves customers across the United States, with self-storage stores located in 42 states and Washington, D.C. as of March 31, 2026. Its properties are concentrated in regions with high demand for storage, offering a range of unit sizes for personal, business, and vehicle storage needs. The company's extensive network makes it accessible to a broad customer base, from individuals needing temporary storage to businesses requiring long-term space for inventory or equipment.
How does Extra Space Storage Inc. (EXR) make money?
Extra Space Storage Inc. generates revenue primarily by renting self-storage units to customers on a month-to-month or long-term basis. As a REIT, its business model involves owning and operating a large portfolio of self-storage properties, which it leases to individuals and businesses. The company offers various storage options, including standard units, boat storage, RV storage, and business storage, catering to diverse customer needs. With approximately 3.0 million units and 335.6 million square feet of rentable space across 4,344 stores, Extra Space Storage benefits from economies of scale and high occupancy rates. Its income is derived from rental fees, late fees, and ancillary services such as insurance and moving supplies. As the largest self-storage operator in the US, the company also leverages its brand and operational efficiency to maintain profitability.