Revenue segments as reported by the company.

Property rental

Tenant reinsurance

Management fees and other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

Depreciation and amortization

Gain on real estate transactions

Life Storage Merger transition costs

Impairment of Life Storage trade name

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Extra Space Storage

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores. The company was founded by Kenneth Musser Woolley on April 30, 2004, and is headquartered in Salt Lake City, UT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Extra Space Storage excels in Q4 2022, eyes growth opportunities

Extra Space Storage delivered a robust performance in Q4 2022, driven by revenue growth and strategic acquisitions.
While facing challenges like negative churn rates and softening markets, the company remains focused on sustainable growth.
Opportunities lie in improving churn rates, exploring new strategies, and leveraging market conditions for continued success.

Extra Space Storage (EXR) reports strong Q1 performance and strategic merger with Life Storage for expansive growth

Extra Space Storage's Q1 2023 Earnings Call highlighted robust operational performance, successful external growth initiatives, and a strategic merger with Life Storage. The company surpassed internal projections, maintained high occupancy rates, and reaffirmed guidance ranges, showcasing its resilience and growth potential.

Extra Space Storage adjusts guidance post-merger for growth challenges

Extra Space Storage's Q2 2023 performance reflects resilience in occupancy despite revenue challenges.
The merger with Life Storage presents synergies and growth opportunities but also operational hurdles.
Strategic focus on integration, data-driven pricing, and synergies aims to drive future performance.
Market dynamics and customer behavior pose challenges and opportunities for revenue optimization.

Extra Space Storage reports steady Q3 performance post-merger success

Extra Space Storage's Q3 2023 performance was steady, with a focus on maximizing integration post-merger and achieving synergies.
Despite challenges like expense pressures and housing market dynamics, the company remains confident in its position and growth strategies.
Opportunities lie in leveraging job growth indicators, exploring new growth platforms, and managing insurance expenses for future performance.

Extra Space Storage posts solid Q4 results amidst challenges

Extra Space Storage delivered a solid performance in Q4 2023, focusing on optimizing asset performance and expansion. While facing challenges with new customer rates and expense growth, the company remains optimistic about growth opportunities and market trends. Strategic initiatives like the dual brand strategy and cost management are key focus areas for future success.

Extra Space Storage reports solid Q1 performance amidst market challenges

Extra Space Storage demonstrated strong operational performance and financial stability in Q1 2024, with notable improvements in occupancy and revenue.
While facing challenges such as market headwinds and competitive pricing, the company is well-positioned to leverage growth opportunities through strategic initiatives.
By focusing on efficiency, innovation, and revenue optimization, Extra Space Storage aims to maintain its market position and drive sustainable growth in the self-storage industry.

Extra Space Storage beats FFO projections, faces pricing challenges

Extra Space Storage demonstrated strong operational performance in Q2
Efforts to enhance efficiencies and manage expenses are yielding results
Challenges in pricing power and revenue guidance adjustments noted

Extra Space Storage resilient post-Hurricane Milton, eyes growth opportunities

Extra Space Storage navigated challenges from Hurricane Milton well, maintaining strong performance and seizing growth opportunities. Cost management efficiency and strategic expansions position the company for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Extra Space Storage Inc. (NYSE:EXR ) Q4 2022 Results Conference Call February 23, 2023 1:00 PM ET Company Participants Jeff Norman - VP of IR and Corporate Communications Joe Margolis - Chief Executive Officer Scott Stubbs - CFO Conference Call Participants Michael Goldsmith - UBS Jeffrey Spector - BofA Securities Todd Thomas - KeyBanc Capital Markets Keegan Carl - Wolfe Research Smedes Rose - Citi Spenser Allaway - Green Street Ronald Kamdem - Morgan Stanley Juan Sanabria - BMO Capital Markets Steve Sakwa - Evercore ISI Ki Bin Kim - Truist Operator Good day, and thank you for all for standing by. Welcome to the Q4 2022 Extra Space Storage, Inc. Earnings Conference Call.

Extra Space Storage Inc. (EXR) Q4 2022 Earnings Call Transcript

Extra Space's (EXR) Q4 results benefit from higher average rates for existing customers and a rise in other operating income. However, it provides a lower-than-expected 2023 projection.

Extra Space (EXR) Tops Q4 FFO, Guides '23 Below Expectation

Extra Space Storage (EXR) delivered FFO and revenue surprises of 0.48% and 2.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Extra Space Storage (EXR) Tops Q4 FFO and Revenue Estimates

SALT LAKE CITY , Feb. 22, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months and year ended December 31, 2022. Highlights for the three months ended December 31, 2022: Achieved net income attributable to common stockholders of $1.52 per diluted share, representing a 24.0% decrease compared to the same period in the prior year (which prior period included a $76.9 million, or $0.54/share, gain on real estate transactions).

Extra Space Storage Inc. Reports 2022 Fourth Quarter and Year-End Results

Archer-Daniels-Midland Company

Allstate

Cigna

Cincinnati Financial

Comcast

CME Group

Cisco Systems

Chevron

Coca-Cola

NextEra Energy

Realty Income Corp

PepsiCo

Shell PLC

T. Rowe Price Group

The dividend increases continue to roll in during February. A ton of companies have announced dividend increases. Dividend increases are a critical part of our dividend growth investing strategy. We focus on buying dividend stocks to build a growing passive income stream.

Dividend Increases Are Flying In This Month!

Extra Space Storage (EXR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Extra Space Storage (EXR)

Analog Devices

Albemarle

Allegion

Avista

Best Buy

Chubb

Commerce Bancshares

Church & Dwight

Quest Diagnostics

Eversource Energy

Essex Property Trust

Exponent

Corning

Genuine Parts

Home Depot

Hawkins

Jack Henry & Associates

Leggett & Platt

Moody's

McGrath RentCorp

When it comes to annual dividend increases, February is the highlight of the year. There were at least 27 dividend boosts that were announced from a wide variety of companies. Widely held companies 3M, PepsiCo, and Coca-Cola all boosted their dividends in the first half of the month, with Pepsi announcing a 10% increase.

Walmart, Home Depot Among 15 Companies To Announce Dividend Increases In Second Half Of February

Arbor Realty Trust

Ares Commercial Real Estate

Agree Realty

ARMOUR Residential REIT

JPMorgan BetaBuilders MSCI US REIT ETF

Brixmor Property Group

CBL & Associates Properties

Chimera Investment

Americold Realty

Diversified Healthcare Trust

Digital Realty Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Elme Communities

Essential Properties Realty Trust Inc

Equinix

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Hannon Armstrong Sustainable Infrastructure Capital

Host Hotels & Resorts

Hersha Hospitality Trust Class A

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

Invitation Homes

U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.

Risks Of 'No Landing'

AllianceBernstein Hld

American Tower

Ares Capital

AstraZeneca

BHP Billiton

British American Tobacco

ConocoPhillips

CVS Health

Hasbro

Mondelez

Navient

PacWest Bancorp

Pfizer

Philip Morris

Vici Properties

March-April, 2022, UBS, Kiplinger, and Barron's analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying-dividends.

9 February Inflation-Busting Ideal Dividend Dogs

SALT LAKE CITY , Feb. 16, 2023 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2023 dividend of $1.62 per share on the common stock of the Company, an 8% increase over the prior quarter's dividend.  The dividend is payable on March 31, 2023 to stockholders of record at the close of business on March 15, 2023.

Extra Space Storage Inc. Announces 1st Quarter 2023 Dividend

Amgen

Broadcom

Finding companies with a high initial yield and rapid dividend growth is difficult. I present my criteria for finding such companies. At present, there are 16 companies meeting my initial screening requirements. Using additional metrics, these are reduced to five.

5 Stocks In The Dividend Growth Sweet Spot

News for Extra Space Storage Stock (EXR)