Storage REITs are keeping pace with the REIT average this year. According to iREIT+Hoya Capital, the REIT Equity Index has gained 9.69% YTD, with Storage REITs posting a total return of 9.18%, placing them 9th among the 18 REIT sectors. Meanwhile, the S&PAnalyst’s Disclosure: I/we have a beneficial long position in the shares of VNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have a beneficial long position in the shares of EXR, PSA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-32269 EXTRA SPACE STORAGE INC. (Exact name of registrant as specified in its charter) Maryland 20-1076777 (State or other ...

Extra Space Storage Inc. (NYSE:EXR) Q3 2024 Results Conference Call October 30, 2024 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Todd Thomas - KeyBanc Capital Markets Caitlin Burrows - Goldman Sachs Spenser Allaway - Green Street Juan Sanabria - BMO Capital Markets Nick Yulico - Scotiabank Eric Wolfe - Citi Jeff Spector - Bank of America Eri ...

Extra Space Storage Inc. (EXR) reported third-quarter 2024 core funds from operations (FFO) per share of $2.07, which beat the Zacks Consensus Estimate of $2.03. The figure increased by 2.5% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results reflected a rise in occupancy and better-than-anticipated revenues. However, lower same-store net operating income (NOI) and increased interest expenses during the quarter were a spoilsport. Quarterly revenues of $824.8 ...

Extra Space Storage (EXR) reported $824.8 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 10.3%. EPS of $2.07 for the same period compares to $0.96 a year ago. The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $821.37 million. With the consensus EPS estimate being $2.03, the EPS surprise was +1.97%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2.07 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to FFO of $2.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.97%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $2 per share when it actually produced FFO of $2.06, delivering a surprise of 3%. Ov ...

Exhibit 99.1 Extra Space Storage Inc. PHONE (801) 365-4600 2795 East Cottonwood Parkway, Suite 300 Salt Lake City, Utah 84121 www.extraspace.com FOR IMMEDIATE RELEASE Extra Space Storage Inc. Reports 2024 Third Quarter Results SALT LAKE CITY, October 29, 2024 — Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three and nine months ended September 30, 2024. H ...

SALT LAKE CITY, Oct. 29, 2024 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three and nine months ended September 30, 2024. Highlights for the three months ended September 30, 2024: Achieved net income attributable to common stockholders of $0.91 per diluted share, representing a 5.2% decrease compared to the same period in the prior year ...

Wall Street analysts expect Extra Space Storage (EXR) to post quarterly earnings of $2.03 per share in its upcoming report, which indicates a year-over-year increase of 0.5%. Revenues are expected to be $821.37 million, up 9.8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company revea ...