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Extra Space Storage (EXR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Extra Space Storage (EXR - Free Report) reported $856.03 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.4%. EPS of $2.04 for the same period compares to $1.28 a year ago.
The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $852.77 million. With the consensus EPS estimate being $2.01, the EPS surprise was +1.29%.
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.
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:
Revenues- Property rental: $733.21 million versus $726.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Revenues- Management fees and other income: $33.7 million compared to the $33.21 million average estimate based on three analysts. The reported number represents a change of +9% year over year.
Revenues- Tenant reinsurance: $89.12 million versus $89.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.
Same-store rental revenues: $678.61 million compared to the $659.72 million average estimate based on two analysts. The reported number represents a change of +2.9% year over year.
Net income (loss) per common share - Diluted: $1.14 versus the three-analyst average estimate of $1.14.
Net operating income- Same store properties: $476.74 million compared to the $439.21 million average estimate based on two analysts.
Equity in earnings and dividend income from unconsolidated real estate entities: $15.76 million versus $16.77 million estimated by two analysts on average.
Shares of Extra Space Storage have returned +8.8% over the past month versus the Zacks S&P 500 composite's +12.8% 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) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Extra Space Storage (EXR - Free Report) reported $856.03 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.4%. EPS of $2.04 for the same period compares to $1.28 a year ago.
The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $852.77 million. With the consensus EPS estimate being $2.01, the EPS surprise was +1.29%.
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.
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 +8.8% over the past month versus the Zacks S&P 500 composite's +12.8% 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.