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 ...

The real estate sector seems primed to recover as rates fall.Higher interest rates in recent years have had a meaningful effect on the commercial real estate sector. They have increased borrowing costs and weighed on property values. Those headwinds have caused shares of many real estate investment trusts (REITs) to decline in value. With the Federal Reserve recently starting to cut rates (and signaling that more reductions are forthcoming), interest rates are shifting from a headwind to a tailwind for the ...

Shares of Extra Space Storage (EXR) have risen 10.5% year to date, outperforming the industry's growth of 9%. Extra Space Storage is well-poised to gain from its high brand value, geographically diversified portfolio and presence in key cities in the United States. The self-storage industry's need-based and recession-resilient nature shields it from market volatility and assures stable revenues. Extra Space Storage's focus on accretive buyouts, mutually beneficial joint venture partnerships and third-party ...

SALT LAKE CITY, Sept. 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended Sept 30, 2024 on Tuesday, October 29, 2024 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Wednesday, October 30, 2024, to discuss its financial results. Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President an ...

Self-storage real estate investment trusts (REITs), which generate income by leasing storage units to tenants, have become popular among investors seeking stable and consistent returns. The SSA (Self-Storage Association) Fall Conference indicated that market participants believe the operating environment "may be bottoming" and capital market headwinds could "soon subside," according to KeyBanc Capital Markets. The Specialized REITs Analyst: Todd Thomas downgraded the ratings for National Storage Affiliates ...