Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
A smaller write-down explains most of the profit jump
Income from operations rose 40.39%, mostly because last year's $105.1M loss on stores for sale shrank to almost nothing.
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The average occupied square foot rose to $20.21 while new leases slipped to $13.28, so pricing gains come from staying tenants.
Tenant reinsurance keeps most of each premium as segment profit and sells at managed stores too, so it grows with stores operated.
Revenue grew more than twice as fast as store operating costs this quarter, which the filing credits to expense control.
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Business Lens describes Extra Space Storage from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
