Extra Space Storage reports Q1 2026 Core FFO up 2%, same-store revenue growth 1.7%, and pays $1.62 dividend.

Extra Space Storage Inc. announced its Q1 2026 results with Core Funds From Operations (Core FFO) rising 2.0% year-over-year to $2.04 per diluted share, driven by 1.7% same-store revenue growth and stable occupancy at 93.0%. Net income per diluted share was $1.14, down 10.9% due to a prior year real estate gain. The company expanded its portfolio with acquisitions and developments, managing 2,324 stores as of March 31, 2026, and paid a quarterly dividend of $1.62 per share. It maintains a positive outlook for 2026 with Core FFO guidance between $8.05 and $8.35 per share, supported by disciplined investments and strong operational performance.