EXR at a glance
Extra Space Storage (EXR, SEC CIK 1289490) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on August 24, 2026 and Form 4 insider filings as recently as August 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Extra Space Storage (EXR) reported revenue of $129.5 million (up 7.1% from FY2024) and net income of $974.0 million. Diluted EPS was $4.59.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Extra Space Storage (EXR) shares worth $16.7 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by McNeal Gwyn Goodson on June 11, 2026 of 3,300 shares at $150.00 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $129.5M
- +7.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 38 funds
- $16.7B · +1 vs prior quarter
- Latest 8-K
- Aug 24, 2026
- Item 7.01 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Tenant reinsurance business regulatory risk: potential suspension or fines from broad discretion of state/federal insurance regulators
- Macroeconomic exposure: rising interest rates and housing market downturns reducing demand for rental space in operated markets
- IT and cybersecurity vulnerability: risk of ransomware, AI-enabled cyberattacks, and data breaches impacting operations and incurring material remediation costs
- Competitive threat: increased self-storage facility developments intensify local competition, pressuring occupancy and rental rates
- REIT qualification risk: failure to qualify triggers corporate tax, $50,000+ penalties, and impairs dividends and capital raising
Business Overview
- Fully integrated self-administered REIT owning/managing 4,281 self-storage stores totaling 330.4 million square feet as of Dec 31, 2025
- Emphasis on growth of management services: 1,856 third-party managed stores expanding footprint and low capital requirement
- Bridge lending program balance $1.5B, enhancing management business and future acquisition pipeline
- Tenant reinsurance segment fully reinsures tenant insurance risks, adding a recurring premium revenue stream
- Strategic investment in preferred stock of other self-storage companies for dividends and acquisition opportunities
Management Discussion & Analysis
- Revenue $3,378M, up 3.7% YoY; property rental revenue $2,895M (+3.3% YoY), tenant reinsurance $353M (+6.0% YoY), management fees $129M (+7.1% YoY)
- Operating expenses $1,889M (+1.8% YoY); net income $974M vs $855M; Funds from Operations (FFO) $1,753M vs $1,677M; same-store NOI $1,885M (-1.7%)
- Best segment: property rental revenue $2,895M (+$91.9M); worst: loss on real estate assets $76.3M vs $25.9M (loss increased by $50.4M)
- Operating cash flow $1,850M (flat YoY); investing cash flow $(814)M improved from $(1,647)M; financing cash flow $(1,036)M vs $(202)M, includes $149.5M stock repurchase and $1,374M dividends paid
- Management expects positive cash flow from operations; focus on maintaining REIT qualification; risks include market competition, occupancy fluctuations, and debt levels with total debt $13.48B (up from $12.6B) and weighted average interest rate 4.3%
AI summary of the EXR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $874.152M, up 3.9% YoY from $841.618M
- Best segment tenant reinsurance revenue $93.084M, up 5.1% YoY
- Same-store NOI $496.078M, up 3.5% YoY; occupancy 94.2% vs 94.4%
- Operating cash flow $1.076B for six months, up from $1.025B; dividends paid $684.706M
- Cash and cash equivalents $695.171M; management expects positive operating cash flow in 2026
Risk Factors
- No risk-factors section provided; supplied text covers Items 2–6 and signatures
- Share-repurchase authorization up to $349.0 million remaining as of June 30, 2026
- New Sixteenth Supplemental Indenture dated July 6, 2026
- No defaults upon senior securities reported
- No officer or director adopted, modified, or terminated a Rule 10b5-1 plan during the quarter
AI summary of the EXR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- CEO succession announced: Mr. Margolis retiring and Mr. Springer appointed Chief Executive Officer
- Leadership transition may affect strategy, operating priorities, and investor expectations
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Joseph D. Margolis retiring December 31, 2026; transition reduces near-term leadership uncertainty
- President W. Noah Springer becoming CEO and joining the board January 1, 2027
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 results announced for periods ended June 30, 2026
- Press release furnished as Exhibit 99.1, containing the detailed financial results
Item EX-99.1: Item EX-99.1
- Q2 Core FFO $2.15/share, up 4.9% YoY; earnings growth supports dividend coverage and indicates improving storage fundamentals
- Same-store NOI rose 3.5% on 2.4% revenue growth and 0.5% expense decline, despite occupancy easing to 94.2% from 94.4%
Item 1.01: Entry into a Material Definitive Agreement
- $550 million senior unsecured notes issued July 6, 2026, expanding Extra Space Storage’s long-term financing
- 4.900% coupon with semiannual interest beginning February 1, 2027; maturity February 1, 2032
AI summaries of EXR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for EXR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Margolis Joseph D | G | Aug 4, 2026 | 13,503 | - |
| Margolis Joseph D | G | Aug 4, 2026 | 13,503 | - |
| Norman Jeffrey Jay | F | Jul 1, 2026 | 735 | $147.29 |
| Springer William N | F | Jul 1, 2026 | 138 | $147.29 |
| Dickens Zachary T | F | Jul 1, 2026 | 164 | $147.29 |
| McNeal Gwyn Goodson | Sell | Jun 11, 2026 | 3,300 | $150.00 |
| KUNDE GRACE | F | Apr 1, 2026 | 276 | $132.49 |
| Norman Jeffrey Jay | F | Apr 1, 2026 | 375 | $132.49 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $102.0M | $120.9M | $129.5M |
| Operating Income | $1.2B | $1.3B | $1.4B |
| Net Income | - | $854.7M | $974.0M |
| Op. Margin | 1147.4% | 1095.0% | 1091.1% |
| Net Margin | - | 707.2% | 752.3% |
| Balance Sheet | |||
| Total Assets | $27.5B | $28.8B | $29.3B |
| Equity | $14.4B | $13.9B | $13.4B |
| ROE | - | 6.1% | 7.3% |
| Per Share | |||
| EPS | $4.74 | $4.03 | $4.59 |
| Cash Flow | |||
| Operating CF | $1.4B | $1.9B | $1.9B |
Source: XBRL data in Extra Space Storage (EXR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate EXR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $16.75B |
| Q1 2026 | 37 | $15.62B |
| Q4 2025 | 34 | $15.43B |
| Q3 2025 | 36 | $16.73B |
| Q2 2025 | 35 | $17.22B |
| Q1 2025 | 31 | $13.94B |
| Q4 2024 | 29 | $11.68B |
| Q3 2024 | 27 | $7.41B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 267 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
EXR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 24, 2026 | - | Analysis | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 8-K | Jul 6, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | May 15, 2026 | - | Analysis | |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 10-K | Feb 20, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 19, 2026 | - | - | |
| 4 | Feb 3, 2026 | - | - |
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EXR SEC filings: frequently asked questions
Which institutions hold EXR stock?
As of June 30, 2026, the largest Extra Space Storage (EXR) holders among the 13F filers tracked by SignalX were BlackRock ($3.3 billion), Vanguard Portfolio Management LLC ($2.7 billion), Vanguard Capital Management LLC ($2.0 billion), State Street Corp ($2.0 billion), COHEN & STEERS, INC. ($1.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was EXR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Extra Space Storage (EXR) reported revenue of $129.5 million (up 7.1% from FY2024) and net income of $974.0 million. Diluted EPS was $4.59. The figures come from the XBRL data in the 10-K.
What are the main risks in EXR's latest 10-K?
In the 10-K filed February 20, 2026, Extra Space Storage (EXR) flagged: Tenant reinsurance business regulatory risk: potential suspension or fines from broad discretion of state/federal insurance regulators. Macroeconomic exposure: rising interest rates and housing market downturns reducing demand for rental space in operated markets. (AI summary of the Risk Factors section.)
What did EXR report in its latest 8-K?
Extra Space Storage (EXR) filed an 8-K on August 24, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). CEO succession announced: Mr. Margolis retiring and Mr. Springer appointed Chief Executive Officer.
What are the latest EXR SEC filings?
Extra Space Storage (EXR) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on August 24, 2026 and a Form 4 insider filing on August 5, 2026.
What is EXR's SEC CIK number?
Extra Space Storage (EXR)'s SEC Central Index Key (CIK) is 1289490. EDGAR lists every EXR filing under that number.
Ask anything about EXR
The research agent reads EXR's filings, financials, insider trades and 13F holders, then answers with sources.