REIT Extra Space Storage reports first-quarter revenue above estimates as occupancy grows [Yahoo! Finance]
Extra Space Storage Inc (EXR)
Last extra space storage inc earnings: 2/18 04:05 pm
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US:NYSE Investor Relations:
ir.extraspace.com/investor-relations
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Source: Yahoo! Finance
Its average same-store occupancy for the quarter ended March 31 rose to 93.2% from 92.7% a year ago. Demand for storage space has waned from the heights of the pandemic, as freight demand and new home sales remain weak. However, Extra Space Storage was able to pad its margins with higher occupancy. The Salt Lake City, Utah-based REIT owns or operates 3,793 storage stores in 42 states, making it the largest operator of self-storage properties in the United States. "Rental activity has been strong year to date and vacates remain muted, which positions us well to maximize revenue during the 2024 leasing season," said CEO Joe Margolis. Its quarterly revenue rose to $799.5 million, compared with analysts' estimate of $703.9 million, according to LSEG data. The company reported quarterly core funds from operations (FFO) of $1.96 per share, down from $2.02 a year ago. Peer Prologis lowered its full-year forecast for core funds from operations (FFO) earlier in April, citing lower o
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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 (EXR) Q1 FFO Tops Estimates, Occupancy Rises [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
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