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Extra Space Storage (EXR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2025, Extra Space Storage (EXR - Free Report) reported revenue of $841.62 million, up 3.8% over the same period last year. EPS came in at $2.05, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of +0.7% over the Zacks Consensus Estimate of $835.79 million. With the consensus EPS estimate being $2.06, the EPS surprise was -0.49%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Extra Space Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-store square foot occupancy: 94.6% compared to the 94.4% average estimate based on two analysts.
Revenues- Property rental: $721 million versus $716.45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
Revenues- Management fees and other income: $32.04 million compared to the $31.52 million average estimate based on five analysts. The reported number represents a change of +7.3% year over year.
Revenues- Tenant reinsurance: $88.57 million versus $86.35 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Same-store rental revenues: $665.56 million compared to the $531.07 million average estimate based on two analysts. The reported number represents a change of +58.8% year over year.
Net income (loss) per common share - Diluted: $1.18 versus $1.21 estimated by five analysts on average.
Shares of Extra Space Storage have returned +0.9% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Extra Space Storage (EXR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2025, Extra Space Storage (EXR - Free Report) reported revenue of $841.62 million, up 3.8% over the same period last year. EPS came in at $2.05, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of +0.7% over the Zacks Consensus Estimate of $835.79 million. With the consensus EPS estimate being $2.06, the EPS surprise was -0.49%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Extra Space Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Extra Space Storage here>>>
Shares of Extra Space Storage have returned +0.9% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.