Extra Space Storage (EXR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Financial Performance - For the quarter ended December 2025, Extra Space Storage (EXR) reported revenue of $857.47 million, up 4.3% year-over-year [1] - EPS for the quarter was $2.08, compared to $1.24 in the same quarter last year, indicating significant growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $851.03 million by 0.76%, and the EPS also surpassed the consensus estimate of $2.03 by 2.29% [1] Key Metrics - Same-store square foot occupancy was reported at 92.6%, slightly below the estimated 93.1% [4] - Property rental revenues were $734.23 million, exceeding the average estimate of $731.87 million, reflecting a year-over-year increase of 3.8% [4] - Management fees and other income reached $33.99 million, surpassing the average estimate of $32.09 million, with a year-over-year growth of 9.8% [4] - Tenant reinsurance revenues were $89.25 million, above the average estimate of $88.44 million, marking a 6.6% increase year-over-year [4] - Same-store rental revenues were $664.23 million, slightly below the estimated $665.27 million, but showed a remarkable year-over-year increase of 59.7% [4] - Net income per diluted share was $1.36, exceeding the average estimate of $1.13 [4] - Equity in earnings and dividend income from unconsolidated real estate entities was $16.93 million, slightly above the average estimate of $16.79 million [4] - Net operating income for same-store properties was $475.9 million, surpassing the estimated $473.41 million [4] Stock Performance - Shares of Extra Space Storage have returned -0.2% over the past month, compared to a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]