Extra Space Storage Inc. (EXR): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Strategic Performance Drivers Same-store revenue and NOI acceleration was driven by the company's ability to balance rate and occupancy through sophisticated pricing systems. Management attributes improving fundamentals to steady customer demand and a gradual moderation in new supply across almost all major markets. Operational leverage was enhanced by modest year-over-year declines in same-store expenses, which management describes as sub-inflationary performance.

Extra Space Storage (NYSE: EXR) reported Q2 2026 results for the three and six months ended June 30, 2026. Net income was $1.25 per diluted share (+5.9% YoY) and FFO was $2.07 per diluted share. Core FFO rose 4.9% to $2.15. Same-store NOI grew 3.5% and occupancy was 94.2%. The company paid a $1.62 quarterly dividend.

Extra Space Storage Inc. (EXR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q22026ex991earningsrelease.htm EX-99.1 Document Exhibit 99.1 Extra Space Storage Inc. PHONE (801) 365-4600 2795 East Cottonwood Parkway, Suite 300 Salt Lake City, Utah 84121 www.extraspace.com FOR IMMEDIATE RELEASE Extra Space Storage Inc. Reports 2026 Second Quarter Re

Barclays upgraded CubeSmart to Overweight from Equal Weight and raised its price target to $46 from $45, citing improving move-in trends and stronger pricing power. It downgraded Public Storage to Equal Weight from Overweight, keeping its $349 target unchanged. Barclays maintained Overweight on Extra Space Storage and lifted its target to $172 from $170, expecting a gradual self-storage recovery as supply eases.

Wells Fargo raised its price target for Extra Space Storage (NYSE:EXR) to $154 from $148 and kept an “overweight” rating, implying 9.1% upside from the stock’s price, according to a Monday research note cited by Benzinga. Other firms also adjusted targets. EXR shares fell to $141.16 Monday.

UBS analyst Michael Goldsmith reiterated a Buy rating on Extra Space Storage (EXR) and raised his price target to $158 from $148. During EXR’s Q1 2026 call, CEO Joseph Margolis said core FFO was $2.04/share (+2% YoY), same-store revenue rose 1.7%, and occupancy ended at 93%. The company expects ~ $200M of 2026 acquisitions and reported a $1.5B average bridge-loan balance.