Extra Space Storage Inc. Reports 2025 Third Quarter Results

Extra Space Storage Inc. (NYSE: EXR) announced its financial results for the three and nine months ended September 30, 2025. For the third quarter, the company reported a net income attributable to common stockholders of $0.78 per diluted share, a 14.3% decrease compared to the same period in the prior year, including a loss of $105.1 million related to assets held for sale and sold. Funds from operations (FFO) attributable to common stockholders and unit holders were $2.01 per diluted share, with Core FFO at $2.08 per diluted share, representing a 0.5% increase compared to the prior year. Same-store revenue decreased by 0.2%, and same-store net operating income (NOI) decreased by 2.5%. The company acquired one operating store for $12.8 million and, in conjunction with joint venture partners, acquired another operating store for $14.2 million. The company also originated $122.7 million in mortgage and mezzanine bridge loans and sold $71.1 million in mortgage bridge loans. As of September 30, 2025, the company managed 1,811 stores for third parties and 411 stores in unconsolidated joint ventures, totaling 2,222 managed stores.