)
Extra Space Storage (EXR) investor relations material
Extra Space Storage Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 core FFO was $2.08 per share, up 0.5% year-over-year, meeting expectations and reflecting consistent earnings from a diversified platform.
Net income for Q3 2025 was $174.0 million, with a 14.3% year-over-year decline in EPS due to a $105.1 million loss on asset sales.
Revenues increased 4.1% year-over-year for Q3, driven by property rental and tenant reinsurance growth.
Same-store occupancy averaged 94.1% for the quarter, with positive new customer rate growth exceeding 3% year-over-year net of discounts.
Significant acquisition activity included $244 million for a 24-property portfolio and $178.7 million for 14 operating stores, with management platform expanding by over 200 stores year-to-date.
Financial highlights
Q3 2025 total revenues were $858.5 million, up from $824.8 million in Q3 2024.
Core FFO for Q3 was $2.08 per share; FFO was $2.01 per share.
Same-store revenue declined 0.2% and same-store NOI declined 2.5% year-over-year for Q3.
Paid a quarterly dividend of $1.62 per share.
Tenant insurance and management fee income outperformed expectations, offsetting same-store NOI headwinds.
Outlook and guidance
2025 Core FFO guidance raised to $8.12–$8.20 per share, reflecting confidence in operational execution.
Same-store revenue growth forecast for 2025 is -0.25% to +0.25%; same-store NOI growth between -2.25% and -1.25%.
Acquisitions for 2025 projected at $900 million; bridge loans outstanding expected at $1.45 billion.
Management expects positive cash flow from operations in 2025 and sufficient liquidity to meet all anticipated needs.
Next Extra Space Storage earnings date
Next Extra Space Storage earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)