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.

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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.

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Extra Space Storage Inc. (NYSE:EXR ) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Steve Sakwa - Evercore ISI Eric Wolfe - Citi Juan Sanabria - BMO Capital Markets Keegan Carl - Wolfe Research Joshua Dennerlein - Bank of America Ronald Kamdem - Morgan Stanley Ki Bin Kim - Truist Brendan Lynch - Barclays Hongliang Zhang - JPMorgan Todd Thomas - KeyBanc Capital Markets Omotayo Okusanya - Maryland REIT Research Nick Yulico - Scotiabank Operator Good day, everyone, and thank you for standing by. Welcome to the Second Quarter 2024 Extra Space Storage, Inc. Earnings Conference Call.

Extra Space Storage Inc. (EXR) Q2 2024 Earnings Call Transcript

Extra Space Storage's (EXR) Q2 results reflect higher occupancy. However, higher same-store operating expenses and increased interest expenses act as a spoilsport.

Extra Space Storage (EXR) Q2 FFO Tops Estimates, Occupancy Rises

Core FFO per share of $2.06 was flat year over year. Total revenue was $810.7 million was up 58% year over year thanks to the merger with Life Storage.

Extra Space Storage Q2 Earnings Mixed

Storage REITs have faced concerns of oversupply and slowdown, but have shown impressive dividend growth in the last 3 years. Extra Space Storage Inc. has demonstrated the fastest dividend growth within the self-storage group, with solid financial results and successful merge with Life Storage. EXR's Q2 report shows solid growth in same-store revenues, rental income, and high occupancy rates, indicating a promising future for the company.

Extra Space Storage: Solid Q2 Results, Buy For REIT Rally

While the top- and bottom-line numbers for Extra Space Storage (EXR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Extra Space Storage (EXR) Reports Q2 Earnings: What Key Metrics Have to Say

Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2.06 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to FFO of $2.06 per share a year ago.

Extra Space Storage (EXR) Q2 FFO and Revenues Beat Estimates

SALT LAKE CITY , July 30, 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 six months ended June 30, 2024. Highlights for the three months ended June 30, 2024: Achieved net income attributable to common stockholders of $0.88 per diluted share, representing a 41.3% decrease compared to the same period in the prior year primarily due to a $54.7 million loss related to the write down of assets held for sale as well as non-cash interest, amortization of intangibles, and additional depreciation related to the Company's 2023 merger (the "Life Storage Merger") with Life Storage, Inc. ("Life Storage" or "LSI").

Extra Space Storage Inc. Reports 2024 Second Quarter Results

Beyond analysts' top -and-bottom-line estimates for Extra Space Storage (EXR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Seeking Clues to Extra Space Storage (EXR) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

While Extra Space Storage's (EXR) Q2 results are likely to reflect gains from high brand value and a solid presence in key cities, lower new customer rates and high interest rates remain concerns.

What's in Store for Extra Space Storage (EXR) in Q2 Earnings?

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If I Had To Retire Today With 12 REITs

High brand value, accretive buyouts and strategic investments bode well for Extra Space Storage's (EXR) performance. However, lower new customer rates and high interest rates are concerns.

Extra Space Storage (EXR) Rises 13% in 3 Months: Here's How

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SALT LAKE CITY , June 25, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended June 30, 2024 on Tuesday, July 30, 2024 after the market closes. The Company will host a conference call at 1:00 p.m.

Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter 2024 Results

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Seeking Alpha's comment section often turns into a think tank with diverse opinions, making it a rich source of ideas and strategies. Ranking stocks is challenging as each brings something unique. This is why I usually avoid direct comparisons, considering varied investment goals. However, in this article, I present three REITs with strong balance sheets, robust growth models, and impressive dividend growth profiles that I would buy if I could own just three.

The Verdict Is Out - Here Are My 3 Favorite REITs

Extra Space Storage (EXR) is likely to benefit from the high brand value, accretive buyouts and a healthy balance sheet. However, lower new customer rates and high interest rates are concerns.

Is it Wise to Retain Extra Space Storage (EXR) Stock for Now?

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AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

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Realty Income has increased its dividend 125 times since going public. Extra Space Storage has grown its payout at an outsized rate over the past decade.

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News for Extra Space Storage Stock (EXR)