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FFO and Core FFO
Measures funds from operations, a key indicator of cash flow and profitability in real estate, highlighting the company's ability to generate income from its storage properties.Extra Space’s FFO metrics shifted from transaction-driven volatility into a higher, steadier core‑FFO run rate in 2024–2026; core FFO notably outpaced reported FFO in 2023–24 (reflecting recurring operating strength and one-offs), and the two measures have since converged, indicating underlying cash earnings now support management’s guidance. Combined with accelerating same‑store revenue/NOI, ancillary fee growth, and asset‑light management expansion, the company looks set for predictable FFO growth — though cautious capital deployment, localized market/regulatory headwinds and moderating move‑in rate growth could limit near‑term upside.
Date | FFO | Core FFO |
|---|---|---|
Jun 30, 2026 | $457.31M | $475.73M |
Mar 31, 2026 | $434.44M | $450.91M |
Dec 31, 2025 | $440.34M | $460.81M |
Sep 30, 2025 | $445.14M | $461.15M |
Jun 30, 2025 | $439.25M | $454.94M |
Mar 31, 2025 | $428.10M | $443.95M |
Dec 31, 2024 | $433.33M | $450.24M |
Sep 30, 2024 | $388.83M | $457.92M |
Jun 30, 2024 | $439.43M | $457.73M |
Mar 31, 2024 | $415.57M | $433.71M |