Extra Space Storage Reports Q3 Net Income of $0.78 Per Share, FFO of $2.01 Per Share
Reuters
Oct 30, 2025
Extra Space Storage Reports Q3 Net Income of $0.78 Per Share, FFO of $2.01 Per Share
Extra Space Storage Inc. reported net income attributable to common stockholders of $0.8 per diluted share for the third quarter ended September 30, 2025, a decrease of 14.3% 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 attributable to common stockholders and unit holders (FFO) was $2.0 per diluted share, while Core FFO was $2.1 per diluted share, representing a 0.5% increase compared to the prior year period. As of September 30, 2025, Extra Space Storage managed 1,811 stores for third-party owners and 411 stores owned in unconsolidated joint ventures, totaling 2,222 stores under management. Outstanding balances of the company's bridge loans were approximately $1.5 billion at the end of the quarter. No shares were issued on the company's ATM program during the quarter. Additional details on store performance and loan activity are available in the company's supplemental financial information.
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