Core Viewpoint - Analysts expect Extra Space Storage (EXR) to report quarterly earnings of $2.06 per share, indicating no change from the previous year, with revenues projected at $835.79 million, reflecting a 3.1% increase year-over-year [1]. Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2]. Key Metrics Projections - Analysts project 'Property rental' revenue to reach $716.45 million, a 2.8% increase from the prior year [4]. - 'Management and franchise fees' are expected to be $31.52 million, indicating a 5.6% year-over-year increase [4]. - 'Tenant insurance' revenue is estimated at $86.35 million, reflecting a 3.2% increase from the previous year [4]. - 'Same-store rental revenue' is projected at $531.07 million, showing a significant 26.7% increase year-over-year [5]. - 'Same-store square foot occupancy' is expected to reach 94.4%, slightly up from 94.3% in the previous year [5]. - 'Depreciation and amortization' is estimated at $178.73 million [6]. Stock Performance - Extra Space Storage shares have increased by 3.4% over the past month, compared to a 4.9% increase in the Zacks S&P 500 composite, with a Zacks Rank of 3 (Hold), indicating expected performance in line with the overall market [7].

Core Viewpoint - Analysts project that Macerich (MAC) will report quarterly earnings of $0.31 per share, unchanged year over year, with revenues expected to reach $218.91 million, reflecting a 4.9% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.4% in the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Forecast - Analysts estimate 'Leasing Revenue- Minimum rents' at $133.74 million, a 5.2% increase year over year [5]. - 'Management Companies revenues' are projected to reach $7.36 million, indicating a decline of 10.6% year over year [5]. - 'Leasing Revenue- Tenant recoveries' is expected to be $59.11 million, reflecting a 1.9% increase from the prior-year quarter [5]. - 'Depreciation and amortization' is forecasted to reach $70.92 million, compared to $68.35 million from the previous year [6]. Stock Performance - Macerich shares have returned +12% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [7]. - With a Zacks Rank 3 (Hold), MAC is expected to mirror overall market performance in the near future [7].