Extra Space Storage (EXR) Q1 FFO Tops Estimates, Occupancy Rises [Yahoo! Finance]
Extra Space Storage Inc (EXR)
Last extra space storage inc earnings: 2/18 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.extraspace.com/investor-relations
Company Research
Source: Yahoo! Finance
However, the figure declined 3% from the prior-year quarter. The results reflect a rise in occupancy and better-than-anticipated revenues. However, higher same-store operating expenses and increased interest expenses during the quarter were a spoilsport. Quarterly revenues of $799.5 million beat the Zacks Consensus Estimate of $786.5 million. The top line jumped 58.9% year over year, reflecting acquisition. Per Joe Margolis, CEO of Extra Space Storage, "We achieved positive year-over-year occupancy growth in the Extra Space and Life Storage same-store pools. We have also continued to realize G&A savings and to expand our bridge lending and third party management programs. Rental activity has been strong year to date and vacates remain muted, which positions us well to maximize revenue during the 2024 leasing season." Quarter in Detail Same-store revenues increased 1.0 % year over year to $414.7 million in the first quarter. Same-store operating expenses rose 5.5% year over y
Show less
Read more
Impact Snapshot
Event Time:
EXR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EXR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EXR alerts
High impacting Extra Space Storage Inc news events
Weekly update
A roundup of the hottest topics
EXR
News
- Self-Storage Market Size Expected to Reach USD 83.67 Bn by 2031 [Yahoo! Finance]Yahoo! Finance
- Extra Space Storage Inc. (NYSE:EXR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Extra Space Storage Inc. (NYSE: EXR) had its price target lowered by analysts at Evercore ISI from $145.00 to $139.00.MarketBeat
- Compared to Estimates, Extra Space Storage (EXR) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- REIT Extra Space Storage reports first-quarter revenue above estimates as occupancy grows [Yahoo! Finance]Yahoo! Finance
EXR
Earnings
- 4/30/24 - Miss
EXR
Sec Filings
- 5/3/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/15/24 - Form 8-K
- EXR's page on the SEC website