Extra Space Storage Inc

EXR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Extra Space Earnings: Higher Expense Growth Weighs on NOI Growth; We're Maintaining Our $165 FVE

Suryansh Sharma

Oct 30, 2025

Extra Space Storage posted a middling set of numbers in the third quarter, as demand continues to be relatively weak, impacting move-in rents and rental rates, leading to a lackluster outlook. The firm reported core FFO of $2.08 per share in the third quarter, up 0.5% on a year-over-year basis.

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Extra Space Storage Inc

Extra Space Earnings: Higher Expense Growth Weighs on NOI Growth; We're Maintaining Our $165 FVE

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