Extra Space Storage — Jul 28, 2026 release

Current Ranges for 2026 Annual Assumptions Prior Ranges for 2026 Annual Assumptions Notes (July 28, 2026) (April 28, 2026) Low High Low High Core FFO $8.25 $8.40 $8.05 $8.35 Dilution per share from C of O and value add acquisitions $0.17 $0.17 $0.18 $0.18 Same-store revenue growth 1.00% 2.00% (0.50)% 1.50% Same-store pool of 1,870 stores Same-store expense growth 1.00% 2.00% 2.00% 3.50% Same-store pool of 1,870 stores Same-store NOI growth 0.50% 2.50% (2.25)% 1.25% Same-store pool of 1,870 stores Weighted average one-month SOFR 3.73% 3.73% 3.65% 3.65% Net tenant reinsurance income $294,000,000 $296,000,000 $289,000,000 $292,000,000 Management fees and other income $139,000,000 $140,000,000 $140,000,000 $141,500,000 Interest income $153,000,000 $154,000,000 $149,500,000 $151,000,000 Includes interest from bridge loans and dividends from NexPoint preferred investment General and administrative expenses $188,000,000 $189,500,000 $190,500,000 $192,500,000 Includes non-cash compensation Equity in earnings of real estate ventures $63,500,000 $64,500,000 $63,500,000 $64,500,000 Includes dividends from SmartStop preferred investments Interest expense $595,000,000 $598,000,000 $592,000,000 $597,000,000 Excludes non-cash interest expense shown below Non-cash interest expense related to amortization of discount on unsecured senior notes, net $44,000,000 $45,000,000 $42,000,000 $43,000,000 Amortization of debt mark-to-market; excluded from Core FFO Income Tax Expense $48,000,000 $49,000,000 $47,000,000 $48,000,000 Taxes associated with the Company's taxable REIT subsidiary Acquisitions $300,000,000 $300,000,000 $200,000,000 $200,000,000 Includes wholly-owned acquisitions and the Company's investment in joint ventures Brid