HighGravityData

Extra Space Storage — Jul 28, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001289490-26-000048
Open on SEC.gov ↗
Showing in the filing
Stock repurchase program authorization
“$349.0 million”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 7
Additional bridge loans closed subsequent to… for FY2026
“$86.3 million”
Stock repurchase program authorization for FY2026
“$349.0 million”
Dilution per share from C of O and value add… for FY2026
“$0.17”
Weighted average one-month SOFR for FY2026
“3.73%”
Acquisitions for FY2026
“$300,000,000”
Bridge loans outstanding for FY2026
“$1,475,000,000”
Weighted average share count for FY2026
“221,000,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
Balance Sheet: During the three months ended June 30, 2026, the Company did not issue any shares on its ATM program, and as of June 30, 2026, the Company had $800.0 million available for issuance. Likewise, the Company did not repurchase any shares of common stock using its stock repurchase program during the quarter. As of June 30, 2026, the Company had authorization to purchase up to $349.0 million under the program. On June 24, 2026, the Company priced a public bond offering issuing $550.0 million aggregate principal amount of 4.90% unsecured senior notes due 2032. As of June 30, 2026, the Company's commercial paper program had total capacity of $1.0 billion, with $850.0 million in outstanding issuances. As of June 30, 2026, the Company’s percentage of fixed-rate debt to total debt was 78.5%. Net of the impact of variable rate receivables, the effective fixed-rate debt to total debt was 88.4%. The weighted average interest rates of the Company’s fixed and variable-rate debt were 4.3% and 4.6%, respectively. The combined weighted average interest rate was 4.3% with a weighted average maturity of approximately 4.0 years. Full details related to the Company's debt schedule are included in the supplemental financial information published on the Company’s Investor Relations website at https://ir.extraspace.com/. Dividends: On June 30, 2026 , the Company paid a second quarter common stock dividend of $1.62 per share to stockholders of record at the close of business on June 15, 2026. Outlook: The following table outlines the Company's Core FFO estimates and assumptions for the ye
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.