Extra Space Storage Inc reports results for the quarter ended in September 30 - Earnings Summary

Extra Space Storage

30/10/2024 03:11

* Extra Space Storage Inc  EXR.N  reported quarterly
adjusted
earnings of 91 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 96 cents.  The mean expectation of
eight analysts for the quarter was for earnings of $1.12 per
share. Wall Street expected results to range from $1.04 
to $1.20 per share.
    * Revenue fell 5% to $710.87 million from a year ago;
analysts
expected $757.26 million. 
    * Extra Space Storage Inc's reported EPS for the quarter was
91
cents​.
    * The company reported quarterly net income of $193.21
million.
    * Extra Space Storage Inc shares had fallen by 7.1% this
quarter and gained 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 3 "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 176.50 
This summary was machine generated from LSEG data October 30 at
03:11 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
 Sep. 30 2024      2.04           2.07           Beat
 Jun. 30 2024      2.00           2.06           Beat
 Mar. 31 2024      1.95           1.87           Missed
 Dec. 31 2023      2.02           1.89           Missed