Extra Space Storage Inc reports results for the quarter ended March 31 - Earnings Summary

Extra Space Storage

29/04/2025 23:38

Extra Space Storage Inc EXR.N reported quarterly adjusted earnings of $1.28​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.01.  The mean expectation of eight analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 96 cents to $1.06 per share.

Revenue rose 2.4% to $704.38 million from a year ago; analysts expected $763.47 million.

Extra Space Storage Inc's reported EPS for the quarter was $1.28​.

The company reported quarterly net income of $270.88 million.

Extra Space Storage Inc shares had fallen by 4.4% this quarter and lost 5.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 11 "hold" and 1 "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 $163.00

This summary was machine generated from LSEG data April 29 at 10:38 p.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
Mar. 31 2025
1.98
1.93
Missed
Dec. 31 2024
2.02
1.96
Missed
Sep. 30 2024
2.04
2.07
Beat
Jun. 30 2024
2.00
2.06
Beat