Short answer
Extra Space Storage (EXR) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $34M (up 9.0% year over year) with net income of $241M.
Q1 2026 key financials · XBRL
- Revenue
- $34M
- +9.0% YoY
- Net income
- $241M
- −11.0% YoY
- Operating margin
- 1090.8%
- EPS (diluted)
- $1.14
- −10.9% YoY
Source: XBRL data from the Extra Space Storage (EXR) Q1 2026 10-Q on SEC EDGAR. USD.
Extra Space Storage Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $856.027M, up 4.4% YoY from $819.997M
- Same-store NOI $476.739M, up 1.2% from $470.922M; occupancy 92.7% vs 93.1%
- Best segment tenant reinsurance revenue $89.119M, up 5.2% YoY; management fees rose 9.0% to $33.695M
- Operating cash flow $489.855M vs $481.404M; acquisitions and development used $100.888M
- Cash $138.986M; management expects positive 2026 operating cash flow, with risks from deteriorating cash flows and financing needs
Risk Factors
- No Risk Factors section provided; changes from the most recent 10-K cannot be assessed
- Share-repurchase liquidity risk; $349.0 million remaining under the $500.0 million authorization
- Capital-allocation risk; 11,109 shares repurchased at $129.80 per share during January 2026
- Compliance disclosure; no officers or directors adopted, modified, or terminated Rule 10b5-1 plans during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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