Extra Space Storage Inc. · EXR · Next earnings

Extra Space Storage Inc. reports Wednesday, Nov 4, 2026

EXR reports after market close with consensus EPS at $1.18 and revenue at $889.4M. Last quarter: EXR Q1 2026: Core FFO Grows 2% YoY, Same-Store Revenue Beats Internal Targets

Reports After market close45 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $1.18 Calendar consensus
Consensus revenue $889.4M Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where EXR left off: FY2026 Q1

Full report

EXR Q1 2026: Core FFO Grows 2% YoY, Same-Store Revenue Beats Internal Targets

EPS surprise +1.8% Reported $1.14 vs $1.12
Revenue surprise +0.2% Reported $856.0M vs $854.6M
Stock move -0.3% Event window
Subsequent drift +3.8% Up to 20 sessions

Full-year 2026 core FFO guidance was maintained at $8.05 to $8.35 per share, unchanged from the initial outlook provided with Q4 2025 results. Q1 same-store revenue growth of 1.7% came in above the top of the prior guidance range of -0.5% to +1.5%, though management did not explicitly raise the full-year same-store revenue outlook in the provided analysis. Guidance sentiment remained 'maintained' and management tone was 'confident' in both quarters.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential slowdown in move-in rates and rate growth as market supply normalizes.
  • Macro pressures including higher gas prices, inflation, and consumer confidence fluctuations.
  • Weather-related expense spikes such as snow removal.
  • Regulatory headwinds from Los Angeles County rent-restriction emergency, a roughly 40 basis point headwind.
  • Increasing competition from PSA, NSA, and other storage REITs.

Questions analysts left open

  • Impact of moderating move-in rates on same-store revenue for the remainder of the year.
  • Whether Q2 through Q4 performance will match Q1, given that Q1 exceeded internal targets.
  • Acquisition pricing, particularly sub-5% cap-rate opportunities.
  • Significant drop in bridge-loan originations versus the prior year.
  • Potential increase in insurance costs after upcoming policy renewal.

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Recent EXR quarters

All EXR earnings
-0.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.