Extra Space Storage Inc reports results for the quarter ended in June - Earnings Summary

Extra Space Storage

31/07/2024 02:16

* Extra Space Storage Inc  EXR.N  reported quarterly
adjusted
earnings of $1.19​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.50.  The mean expectation of eight analysts for the
quarter was for earnings of $1.03 per share. Wall Street
expected results to range from 99 cents to $1.11 per share.
    * Revenue rose 58.2% to $697.10 million from a year ago;
analysts
expected $728.75 million. 
    * Extra Space Storage Inc's reported EPS for the quarter was
88
cents​.
    * The company reported quarterly net income of $185.87
million.
    * Extra Space Storage Inc shares had risen by 5.5% this
quarter and gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Extra Space
Storage Inc is $160.00 
This summary was machine generated from LSEG data July 31 at
01:15 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       2.00           2.06           Beat
 Mar. 31 2024      1.95           1.87           Missed
 Dec. 31 2023      2.02           1.89           Missed
 Sep. 30 2023      1.92           2.02           Beat