SHARPE
Reported results
- Net Income Attributable to Common Stockholders per share (GAAP) was $0.13 for the third quarter of 2026, compared to $0.14 in the third quarter of 2025.
- Normalized Funds From Operations (non-GAAP) per share was $0.99 for the third quarter of 2026, representing a 10% increase year-over-year.
- Nareit FFO (non-GAAP) per share was $1.01 for the third quarter of 2026, up 15% year-over-year.
- Total Company Net Operating Income (non-GAAP) year-over-year growth was 18%.
- Total Company Same-Store Cash NOI (non-GAAP) year-over-year growth was 11%.
- Total GAAP revenues were $1,831,791 thousand for the third quarter of 2026, compared to $1,488,996 thousand for the third quarter of 2025.
Guidance
- Full year 2026 Attributable Net Income per share guidance is $0.64 to $0.67 (midpoint $0.66).
- Full year 2026 Nareit FFO per share (non-GAAP) guidance is $3.83 to $3.86 (midpoint $3.85).
- Full year 2026 Normalized FFO per share (non-GAAP) guidance is $3.87 to $3.90 (midpoint $3.89).
Notes
Beginning with the first quarter of 2026, the Company excludes non-cash stock-based compensation expense from the calculation of Normalized FFO, and results for prior periods have been updated to conform to this presentation.
Price and volatility reaction
The stock moved -2.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 83.34 | 2026-10-27 |
| Close after release | 81.07 | 2026-10-28 |
| Realised move | -2.7% | close to close |
| 30d ATM IV change | -0.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.