Extra Space Storage Inc. · EXR · Next earnings

Extra Space Storage Inc. reports Thursday, Feb 18, 2027

EXR reports after market close with consensus EPS at $1.17 and revenue at $888.4M. Last quarter: Extra Space Storage raises Core FFO guidance as occupancy holds at 94%

Reports After market close105 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $1.17 Calendar consensus
Consensus revenue $888.4M Calendar consensus
Report date Feb 18, 2027 Thursday, date estimated
Session After market close 105 days away

Where EXR left off: FY2026 Q3

Full report

Extra Space Storage raises Core FFO guidance as occupancy holds at 94%

EPS surprise -1.7% Reported $1.17 vs $1.19
Revenue surprise +0.4% Reported $889.8M vs $886.6M
Stock move +0.1% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year Core FFO guidance to $8.40-$8.50 per share and increased its 2026 acquisition target to $400 million.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Slower new-supply absorption or macro weakness could pressure rates.
  • Los Angeles rent-restriction orders may limit rate increases.
  • Higher interest rates could raise borrowing costs and affect cap-rate expectations.
  • Deal retrades and valuation compression remain possible.

Questions analysts left open

  • Why same-store revenue is accelerating while move-in rates decelerate.
  • Assumptions behind full-year same-store revenue and NOI guidance.
  • Property-tax and payroll inflation effects on expenses.
  • Potential cap-rate changes and valuation retrades.
  • Impact of Los Angeles regulatory restrictions on rate growth.

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Recent EXR quarters

All EXR earnings
+0.1%FY2026 Q3+0.4%FY2026 Q2-0.3%FY2026 Q1+4.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.