Extra Space Storage(US:EXR) ZACKSยท2025-07-30 23:01Core Insights - Extra Space Storage (EXR) reported revenue of $841.62 million for the quarter ended June 2025, reflecting a year-over-year increase of 3.8% [1] - Earnings per share (EPS) for the quarter was $2.05, significantly higher than the $0.88 reported in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $835.79 million by 0.7%, while the EPS fell short of the consensus estimate of $2.06 by 0.49% [1] Financial Performance Metrics - Same-store square foot occupancy was reported at 94.6%, slightly above the average estimate of 94.4% [4] - Property rental revenues reached $721 million, surpassing the estimated $716.45 million, marking a 3.4% increase year-over-year [4] - Management fees and other income totaled $32.04 million, exceeding the average estimate of $31.52 million, representing a 7.3% year-over-year increase [4] - Tenant reinsurance revenues were reported at $88.57 million, above the estimated $86.35 million, reflecting a 5.8% increase compared to the previous year [4] - Same-store rental revenues significantly increased to $665.56 million, compared to the average estimate of $531.07 million, indicating a remarkable 58.8% year-over-year growth [4] - Net income per common share (diluted) was $1.18, slightly below the average estimate of $1.21 [4] Stock Performance - Over the past month, shares of Extra Space Storage have returned +0.9%, while the Zacks S&P 500 composite has increased by +3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]