Extra Space Storage — Oct 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001289490-25-000020
Showing in the filing
Total EXR Investment - Stores To Close/Complete in 2026
“3”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 3
Total EXR Investment - Stores To Close/Compl… for FY2026
“3”
Total EXR Investment - Price To Close/Comple… for FY2026
“$48,564”
Additional bridge loans closed subsequent to… for FY2025
“$48.4 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
• In conjunction with joint venture partners, acquired three operating stores, completed the development of two stores, acquired one store at completion of construction (“Certificate of Occupancy store” or “C of O store”) for a total cost of approximately $76.7 million, of which the Company invested $42.8 million. • Originated $329.0 million in mortgage and mezzanine bridge loans and sold $105.8 million in mortgage bridge loans. • Added 301 stores (236 stores net) to the Company's third-party management platform. Joe Margolis, CEO of the Company, stated: “We delivered solid third quarter results, while navigating a challenging operational landscape, allowing us to increase our annual Core FFO guidance. Although same-store revenue remained relatively flat, we are encouraged by the gradual improvement in market fundamentals. This improvement has resulted in accelerating new customer rate growth. Our external growth initiatives remained active during the quarter, highlighted by significant additions to our third-party management platform, substantial bridge loan originations, and strategic property acquisitions.” FFO Per Share: The following table (unaudited) outlines the Company’s FFO and Core FFO for the three and nine months ended September 30, 2025 and 2024. The table also provides a reconciliation to GAAP net income attributable to common stockholders and earnings per diluted share for each period presented (amounts shown in thousands, except share and per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2025 2024 2025 2024 (per share) 1 (per share) 1 (per share) 1 (per share) 1 Ne
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.