Extra Space Storage (EXR) official guidance

| Acquisitions | $400,000,000 | $400,000,000 | $300,000,000 | $300,000,000 | Includes wholly-owned acquisitions and the Company's investment in joint ventures |

| Acquisitions | $300,000,000 | $300,000,000 | $200,000,000 | $200,000,000 | Includes wholly-owned acquisitions and the Company's investment in joint ventures |

We are projecting $200 million in total acquisitions for 2026 under the assumption that we will close materially more in total transactions, primarily in asset-light joint venture structures.

| Acquisitions | $200,000,000 | $200,000,000 | $200,000,000 | $200,000,000 | Includes wholly-owned acquisitions and the Company's investment in joint ventures |

So, we expect in 2026 that most of our acquisitions will be done in a joint venture format, where we put in a minority of the capital. So $200 million of our capital may represent a much larger number of gross acquisition.

| Acquisitions | $200,000,000 | $200,000,000 |

| Core FFO | $8.40 | | $8.50 | | $8.25 | | $8.40 | |

Our core FFO is now expected in the range of $8.25-$8.40 per share.

| Core FFO | $8.25 | $8.40 | $8.05 | $8.35 | |

We are maintaining our full year 2026 core FFO guidance range of $8.05-$8.35 per share, as well as our same store performance outlook.

| Core FFO | $8.05 | $8.35 | $8.05 | $8.35 | |

Our core FFO range for 2026 is $8.05-$8.35 per share, approximately flat on a year-over-year basis at the midpoint.

| Core FFO | $8.05 | $8.35 |

| Same-store revenue growth | 2.00% | | 2.50% | | 1.00% | | 2.00% | Same-store pool of 1,869 stores |

We raised same-store revenue growth guidance 100 basis points to a range of 1%-2%.

| Same-store revenue growth | 1.00% | 2.00% | (0.50)% | 1.50% | Same-store pool of 1,870 stores |

| Same-store revenue growth | (0.50)% | 1.50% | (0.50)% | 1.50% | Same-store pool of 1,870 stores |

With these factors in mind, our 2026 same-store revenue guidance is -0.5% to +1.5%.

| Same-store revenue growth | (0.50)% | 1.50% |

| Bridge loans outstanding | $1,475,000,000 | $1,475,000,000 | $1,475,000,000 | $1,475,000,000 | Represents the Company's average retained loan balances for the year |

| Bridge loans outstanding | $1,475,000,000 | $1,475,000,000 | $1,475,000,000 | $1,475,000,000 | Represents the Company's average retained loan balances for the year |

| Bridge loans outstanding | $1,475,000,000 | $1,475,000,000 |

| Weighted average share count | 221,000,000 | 221,000,000 | 221,100,000 | 221,100,000 | Assumes redemption of all OP units for common stock |

| Weighted average share count | 221,100,000 | 221,100,000 | 221,100,000 | 221,100,000 | Assumes redemption of all OP units for common stock |

| Weighted average share count | 221,100,000 | 221,100,000 |

| Dilution per share from C of O and value add acquisitions | $0.17 | $0.17 | $0.18 | $0.18 | |

| Dilution per share from C of O and value add acquisitions | $0.18 | $0.18 | $0.18 | $0.18 | |

| Dilution per share from C of O and value add acquisitions | $0.18 | $0.18 |

| Net income attributable to common stockholders per diluted share | | $ | 4.49 | $ | 4.64 |

| Net income attributable to common stockholders per diluted share | | $ | 4.30 | $ | 4.60 |

| Net income attributable to common stockholders per diluted share | | $ | 4.40 | $ | 4.70 |

| Equity in earnings of real estate ventures | $63,500,000 | $64,500,000 | $63,500,000 | $64,500,000 | Includes dividends from SmartStop preferred investments |

| Equity in earnings of real estate ventures | $63,500,000 | $64,500,000 | $63,500,000 | $64,500,000 | Includes dividends from SmartStop preferred investments |

| Equity in earnings of real estate ventures | $63,500,000 | $64,500,000 |

| Funds from operations attributable to common stockholders | | 8.00 | | 8.15 | |

| General and administrative expenses | $188,000,000 | $189,500,000 | $190,500,000 | $192,500,000 | Includes non-cash compensation |

| General and administrative expenses | $190,500,000 | $192,500,000 | $190,500,000 | $192,500,000 | Includes non-cash compensation |

| General and administrative expenses | $190,500,000 | $192,500,000 |

| Income Tax Expense | $48,000,000 | $49,000,000 | $47,000,000 | $48,000,000 | Taxes associated with the Company's taxable REIT subsidiary |

| Income Tax Expense | $47,000,000 | $48,000,000 | $47,000,000 | $48,000,000 | Taxes associated with the Company's taxable REIT subsidiary |

| Income Tax Expense | $47,000,000 | $48,000,000 |

| Interest expense | $595,000,000 | $598,000,000 | $592,000,000 | $597,000,000 | Excludes non-cash interest expense shown below |

| Interest expense | $592,000,000 | $597,000,000 | $590,000,000 | $595,000,000 | Excludes non-cash interest expense shown below |

| Interest expense | $590,000,000 | $595,000,000 |

| Interest income | $153,000,000 | $154,000,000 | $149,500,000 | $151,000,000 | Includes interest from bridge loans and dividends from NexPoint preferred investment |

| Interest income | $149,500,000 | $151,000,000 | $149,500,000 | $151,000,000 | Includes interest from bridge loans and dividends from NexPoint preferred investment |

| Interest income | $149,500,000 | $151,000,000 |

| Management fees and other income | $139,000,000 | $140,000,000 | $140,000,000 | $141,500,000 | |

| Management fees and other income | $140,000,000 | $141,500,000 | $138,000,000 | $139,500,000 | |

| Management fees and other income | $138,000,000 | $139,500,000 |

| Net Income | $ | 1,037,750 | $ | 1,085,650 |

| Net Income | $ | 975,500 | $ | 1,059,000 |

| Net Income | $ | 1,000,500 | $ | 1,084,000 |

| Net tenant reinsurance income | $294,000,000 | $296,000,000 | $289,000,000 | $292,000,000 | |

| Net tenant reinsurance income | $289,000,000 | $292,000,000 | $289,000,000 | $292,000,000 | |

| Net tenant reinsurance income | $289,000,000 | $292,000,000 |

| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | $44,000,000 | $45,000,000 | $42,000,000 | $43,000,000 | Amortization of debt mark-to-market; excluded from Core FFO |

| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | $42,000,000 | $43,000,000 | $42,000,000 | $43,000,000 | Amortization of debt mark-to-market; excluded from Core FFO |

| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | $42,000,000 | $43,000,000 |