Extra Space Storage Q2: Same-store NOI turns positive, cash surges to $695M

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Same-store net operating income rose 3.5% in Q2 2026, reversing a 3.1% decline a year earlier, driven by higher rental revenue and lower operating expenses.

  MD&A: Same-store performance verify on EDGAR →
• high

  Cash and cash equivalents jumped to $695.2 million from $125.0 million, a $570 million increase that significantly strengthens liquidity.

  MD&A: Cash position verify on EDGAR →
• high

  Total revenue grew 3.9% to $874.2 million and net income rose 5.5% to $263.5 million; diluted EPS was $1.25, up 5.9%.

  Key Financials view on EDGAR →