EXR

• W. Noah Springer, current President, will become CEO and join the board on January 1, 2027.
• Springer's annual base salary will be $850,000 as CEO, with eligibility for bonus, equity, and benefits.
• Springer has been with Extra Space since 2006, served as President since January 2026, and previously as EVP, Chief Strategy and Partnership Officer.
• The transition was unanimously approved by the board following a long-term succession planning process.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Core FFO for Q2 2026 was $2.15 per diluted share, up 4.9% year-over-year; FFO was $2.07 per diluted share.
• Same-store revenue increased 2.4% and same-store NOI increased 3.5% in Q2 2026, with ending same-store occupancy of 94.2%.
• The company raised its 2026 Core FFO guidance to a range of $8.25–$8.40 per share, from $8.05–$8.35 previously.
• During Q2 2026, the company purchased 17 operating stores and acquired a JV partner's interest for $90.7 million total, and originated $140.6 million in bridge loans.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Extra Space Storage LP issued $550 million aggregate principal amount of 4.900% Senior Notes due February 1, 2032.
• The public offering price was 99.702% of principal; interest is payable semi-annually on February 1 and August 1, beginning February 1, 2027.
• The Notes are senior unsecured obligations, structurally subordinated to secured debt and subsidiary liabilities.
• The offering was made under a shelf registration statement filed April 15, 2024, with a prospectus supplement dated June 24, 2026.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• On June 24, 2026, Extra Space Storage LP priced a public offering of $550 million aggregate principal amount of 4.900% senior notes due 2032.
• The notes are fully and unconditionally guaranteed by Extra Space Storage Inc., ESS Holdings Business Trust I, and ESS Holdings Business Trust II.
• Wells Fargo Securities, J.P. Morgan, and Truist Securities are lead underwriters; the offering is expected to close on or about July 6, 2026.
• Net proceeds will be used to repay outstanding borrowings under lines of credit and commercial paper program, and for general corporate purposes.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Extra Space Storage Inc. held its 2026 annual meeting of stockholders on May 14, 2026.
• Stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for 2026, with 189.3 million votes for.
• The advisory vote on named executive officer compensation was approved, with 176.3 million votes for.
• The report was filed under Item 5.07 to disclose the final voting results of these matters.

5.07 Submission of Matters to a Vote of Security Holders

• Core FFO was $2.04 per diluted share, up 2.0% from $2.00 in Q1 2025; FFO was $1.97 per share.
• Same-store revenue increased 1.7% and same-store NOI increased 1.2% YoY; ending same-store occupancy was 93.0%.
• Acquired one operating store for $12.5 million and added 84 stores (60 net) to third-party management platform.
• Reaffirmed 2026 Core FFO guidance of $8.05–$8.35 per share.
• Paid quarterly dividend of $1.62 per share on March 31, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q4 2025 net income attributable to common stockholders was $1.36 per diluted share, a 9.7% increase from the prior-year quarter.
• Same-store revenue increased 0.4% and same-store NOI increased 0.1% in Q4 2025; full-year same-store NOI decreased 1.7%.
• During Q4 2025, the company acquired 27 operating stores for $304.8 million and repurchased 1,089,659 shares for $140.9 million.
• For 2026, the company guides Core FFO per share in the range of $8.05 to $8.35.
• As of December 31, 2025, the company managed 2,263 stores for third parties and joint ventures.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Noah Springer, previously Executive Vice President, Chief Strategy and Partnership Officer, has been promoted to President effective January 5, 2026.
• With the promotion, the operations function will now report to Springer, who already oversees third-party management, joint ventures, human resources, and strategic initiatives.
• Springer has been with Extra Space Storage since 2006 and helped develop Management Plus, the storage sector's largest third-party management platform with over 1,800 locations.
• CEO Joe Margolis commented on Springer's nearly 20 years of leadership and contributions to the company's strategy and growth.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits