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Extra Space Storage (EXR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Extra Space Storage (EXR - Free Report) reported $858.46 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.1%. EPS of $2.08 for the same period compares to $0.91 a year ago.
The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $864.8 million. With the consensus EPS estimate being $2.06, the EPS surprise was +0.97%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 93.7% compared to the 94.4% average estimate based on two analysts.
Revenues- Property rental: $735.58 million versus $732.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
Revenues- Tenant reinsurance: $90.34 million compared to the $87.99 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
Revenues- Management fees and other income: $32.54 million versus $31.59 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
Same-store rental revenues: $673.98 million versus $475.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +58.9% change.
Net income (loss) per common share - Diluted: $0.78 compared to the $1.18 average estimate based on four analysts.
Equity in earnings and dividend income from unconsolidated real estate entities: $15.67 million versus $16.45 million estimated by two analysts on average.
Shares of Extra Space Storage have returned +4.2% over the past month versus the Zacks S&P 500 composite's +3.8% 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) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Extra Space Storage (EXR - Free Report) reported $858.46 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.1%. EPS of $2.08 for the same period compares to $0.91 a year ago.
The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $864.8 million. With the consensus EPS estimate being $2.06, the EPS surprise was +0.97%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 +4.2% over the past month versus the Zacks S&P 500 composite's +3.8% 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.