Extra Space Storage reported second-quarter 2026 core funds from operations of $2.15 per share, beating the Zacks Consensus Estimate of $2.06 by 4.4% and rising 4.9% from $2.05 a year earlier. Quarterly revenues of $874.2 million surpassed the $867.4 million consensus and grew 3.9% year over year, driven by a 3.5% increase in same-store net operating income to $496.1 million. Same-store revenues rose 2.4% to $690.2 million while same-store operating expenses fell 0.5% to $194.1 million, though ending same-store occupancy dipped to 94.2% from 94.4%. The company raised its full-year 2026 core FFO guidance to $8.25 to $8.40 per share, up from $8.05 to $8.35, and now expects same-store NOI growth of 0.5% to 2.5%.
Extra Space Storage IncQ2 core FFO beat estimates and full-year guidance raised
SL Green Realty Corp
Crown Castle