Extra Space Storage(EXR)
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Is it Wise to Retain Extra Space Storage (EXR) Stock for Now?
ZACKS· 2024-06-12 13:10
What's Aiding EXR? Extra Space Storage is the largest operator of self-storage properties in the United States. The company has significantly expanded its business in recent years, growing its branded store count from 1,029 in 2013 to 3,793 as of Mar 31, 2024, in 42 states and Washington, DC. EXR is focusing on growing its business and achieving geographical diversity through accretive acquisitions, mutually beneficial joint venture partnerships and third-party management services. In July 2023, it conclude ...
This 'Tipping Point' For REIT Investors May Surprise You
seekingalpha.com· 2024-05-28 11:00
Klaus Vedfelt In Malcolm Gladwell's book The Tipping Point, the New York Times best-selling author explains how social epidemics function like viruses, growing gradually until they reach a critical mass (the tipping point) and explode. In the book, Gladwell describes various types of "connectors" who are so-called specialists who know many people and can spread information widely. Gladwell also describes a "maven" as an information specialist who is always gathering and retaining information. They love shar ...
Extra Space Storage Inc. Announces 2nd Quarter 2024 Dividend
prnewswire.com· 2024-05-24 21:00
For more information, please visit www.extraspace.com. About Extra Space Storage Inc. SALT LAKE CITY, May 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a second quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. Extra Space Storage Inc., headquartered in Salt Lake City, is a ...
Extra Space Storage(EXR) - 2024 Q1 - Quarterly Report
2024-05-03 20:23
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 March 31, 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 jur ...
Extra Space Storage(EXR) - 2024 Q1 - Earnings Call Transcript
2024-05-01 19:04
Extra Space Storage Inc. (NYSE:EXR) Q1 2024 Earnings Conference Call May 1, 2024 1:00 PM ET Company Participants Jared Conley - Vice President of Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Eric Wolfe - Citi Nick Yulico - Scotiabank Juan Sanabria - BMO Capital Markets Samir Khanal - Evercore ISI Keegan Carl - Wolfe Research Spenser Allaway - Gree ...
Extra Space Storage (EXR) Q1 FFO Tops Estimates, Occupancy Rises
Zacks Investment Research· 2024-05-01 16:35
Extra Space Storage Inc. (EXR) reported first-quarter 2024 core funds from operations (FFO) per share of $1.96, which beat the Zacks Consensus Estimate by a penny. However, the figure declined 3% from the prior-year quarter.The results reflect a rise in occupancy and better-than-anticipated revenues. However, higher same-store operating expenses and increased interest expenses during the quarter were a spoilsport.Quarterly revenues of $799.5 million beat the Zacks Consensus Estimate of $786.5 million. The t ...
Compared to Estimates, Extra Space Storage (EXR) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-30 23:01
Extra Space Storage (EXR) reported $799.54 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 58.9%. EPS of $1.96 for the same period compares to $1.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $786.47 million, representing a surprise of +1.66%. The company delivered an EPS surprise of +0.51%, with the consensus EPS estimate being $1.95.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...
Extra Space Storage (EXR) Q1 FFO and Revenues Top Estimates
Zacks Investment Research· 2024-04-30 22:31
Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 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 0.51%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $2.03 per share when it actually produced FFO of $2.02, delivering a surprise of -0.4 ...
Extra Space Storage(EXR) - 2024 Q1 - Quarterly Results
2024-04-30 20:25
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 First Quarter Results SALT LAKE CITY, April 30, 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 months ended March 31, 2024. Highlights for ...
What's in Store for Extra Space Storage (EXR) in Q1 Earnings?
Zacks Investment Research· 2024-04-25 15:26
Extra Space Storage (EXR) , a leading self-storage real estate investment trust (REIT) in the United States, is set to release its first-quarter 2024 results on Apr 30 after market close. The company has been steadily expanding its footprint and diversifying its operations. As the market anticipates the earnings announcement, this article provides an in-depth preview of EXR’s expected performance in the first quarter, considering overall industry trends, EXR's growth strategy and acquisitions.In the last re ...