Company Dossier · Real Estate
Extra Space Storage
- S&P 500
- Russell 1000
What Extra Space Storage is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $0.14 billion, up 17% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $1.52 billion, up 26% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.38 billion, down 46% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.15 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $16.2 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 29, 2026): sentiment 0.60 on a −1 to +1 scale (mixed), confidence 0.75 of 1.Palanor Discourse
- Guidance in the last 90 days: 3 outlook figures raised, 1 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 20, 2026): 1 risk factor added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $0.5 million on the open market.SEC Form 4
- 803 institutional managers reported a position at June 30, 2026 (+35 on the quarter before).SEC Form 13F
Risk events (12 months): 1 — latest OSHA inspection, Aug 11, 2026 →
Company Posture
How Company Posture is measured →What Extra Space Storage is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Confident
Expanding ↔ Retrenching
Steady
- Capital spending20th pct
- Debt raised95th pct
- Buybacks vs capex81st pct
- Hiring filings50th pct
- Deals and private raises40th pct
- Patent publications50th pct
Confident ↔ Hedging
Confident
- Call sentiment66th pct
- Call confidence70th pct
- Guidance changes78th pct
- Risk factors added61st pct
- Insider open-market trades42nd pct
- + Guidance changes
- + Call confidence
- + Call sentiment
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver2nd pct
- Stress filings50th pct
Credit
How these are built →Extra Space Storage's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Bonds priced, last 12 months
$0.6B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Jun 24, 2026 | $550M | 4.900% | 2032 (6y) | +78bp | 4.961% |
| Aug 6, 2025 | $800M | 4.950% | 2033 (7y) | +100bp | 4.993% |
| Mar 10, 2025 | $500M | 5.400% | 2035 (10y) | +120bp | 5.423% |
| Jan 16, 2025 | $350M | 5.500% | 2030 (5y) | +78bp | 5.170% |
| Dec 2, 2024 | $300M | 5.700% | 2028 (3y) | +65bp | 4.737% |
| Aug 7, 2024 | $400M | 5.350% | 2035 (10y) | +140bp | 5.354% |
| Jan 16, 2024 | $600M | 5.400% | 2034 (10y) | +135bp | 5.433% |
| Nov 27, 2023 | $600M | 5.900% | 2031 (7y) | +150bp | 5.948% |
From the pricing term sheets Extra Space Storage filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Aug 24, 20268-KDirector or officer changeItem 5.02
- Aug 11, 2026Risk event
- Jul 6, 20268-KMaterial agreement signedItem 1.01
- May 15, 20268-KShareholder vote resultsItem 5.07
- Feb 20, 202610-KAnnual report (10-K)1 risk factors added, 0 removed
- Jan 5, 20268-KDirector or officer changeItem 5.02
- Sep 4, 2025Risk event
- Aug 26, 20258-KMaterial agreement signedItem 1.01
- Aug 8, 20258-KMaterial agreement signedItem 1.01
- May 23, 20258-KDirector or officer changeItem 5.02
- May 23, 20258-KShareholder vote resultsItem 5.07
- May 19, 20258-KDirector or officer changeItem 5.02
- Mar 19, 20258-KMaterial agreement signedItem 1.01
- Feb 28, 202510-KAnnual report (10-K)1 risk factors added, 1 removed
- Feb 29, 202410-KAnnual report (10-K)2 risk factors added, 1 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Public Storage PSA | $4.9B | — | Jun 30, 2026 |
| Crown Castle CCI | $0.2B | $2.4B | Jun 30, 2026 |
| SBA Communications SBAC | $0.2B | $1.1B | Jun 30, 2026 |
| Sabra Health Care REIT SBRA | $0.5B | — | Jun 30, 2026 |
| COPT Defense Properties CDP | $0.0B | — | Jun 30, 2026 |
| Healthcare Realty Trust HR | $0.0B | — | Jun 30, 2026 |
| Independence Realty Trust IRT | $0.7B | — | Jun 30, 2026 |
| Rayonier RYN | $0.7B | — | Mar 31, 2026 |