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Compared to Estimates, Extra Space Storage (EXR) Q2 Earnings: A Look at Key Metrics
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Extra Space Storage (EXR - Free Report) reported $874.15 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.9%. EPS of $2.15 for the same period compares to $1.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $867.44 million, representing a surprise of +0.77%. The company delivered an EPS surprise of +4.37%, with the consensus EPS estimate being $2.06.
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: $746.16 million compared to the $738.53 million average estimate based on two analysts. The reported number represents a change of +3.5% year over year.
Same-store rental revenues: $690.19 million versus $683.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Revenues- Tenant reinsurance: $93.08 million compared to the $91.34 million average estimate based on two analysts. The reported number represents a change of +5.1% year over year.
Revenues- Management fees and other income: $34.9 million versus the two-analyst average estimate of $34.59 million. The reported number represents a year-over-year change of +8.9%.
Net income (loss) per common share - Diluted: $1.25 versus the two-analyst average estimate of $1.15.
Net operating income- Same store properties: $496.08 million compared to the $481.24 million average estimate based on two analysts.
Equity in earnings and dividend income from unconsolidated real estate entities: $15.8 million versus the two-analyst average estimate of $16.02 million.
Shares of Extra Space Storage have remained unchanged over the past month versus the Zacks S&P 500 composite's +1.7% 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.
View the Zacks #1 Rank List
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Compared to Estimates, Extra Space Storage (EXR) Q2 Earnings: A Look at Key Metrics
Extra Space Storage (EXR - Free Report) reported $874.15 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.9%. EPS of $2.15 for the same period compares to $1.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $867.44 million, representing a surprise of +0.77%. The company delivered an EPS surprise of +4.37%, with the consensus EPS estimate being $2.06.
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 remained unchanged over the past month versus the Zacks S&P 500 composite's +1.7% 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.