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Extra Space Storage (EXR) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2026, Extra Space Storage (EXR - Free Report) reported revenue of $889.79 million, up 3.7% over the same period last year. EPS came in at $2.17, compared to $0.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $880.31 million, representing a surprise of +1.08%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $2.10.
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: $760.84 million compared to the $749.94 million average estimate based on three analysts. The reported number represents a change of +3.4% year over year.
Revenues- Management fees and other income: $34.76 million compared to the $34.96 million average estimate based on three analysts. The reported number represents a change of +6.8% year over year.
Revenues- Tenant reinsurance: $94.2 million versus the two-analyst average estimate of $93.43 million. The reported number represents a year-over-year change of +4.3%.
Same-store rental revenues: $701.68 million compared to the $695.86 million average estimate based on two analysts. The reported number represents a change of +4.1% year over year.
Net income (loss) per common share - Diluted: $1.17 versus $1.17 estimated by three analysts on average.
Equity in earnings and dividend income from unconsolidated real estate entities: $17.01 million versus $15.42 million estimated by three analysts on average.
Net operating income- Same store properties: $504.67 million versus $489.55 million estimated by two analysts on average.
Shares of Extra Space Storage have returned +8.9% over the past month versus the Zacks S&P 500 composite's -0.8% 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.
View the Zacks #1 Rank List
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Extra Space Storage (EXR) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2026, Extra Space Storage (EXR - Free Report) reported revenue of $889.79 million, up 3.7% over the same period last year. EPS came in at $2.17, compared to $0.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $880.31 million, representing a surprise of +1.08%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $2.10.
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 +8.9% over the past month versus the Zacks S&P 500 composite's -0.8% 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.