Extra Space Storage to Post Q1 Earnings: What Awaits the Stock?
EXR's Q1 results are likely to reflect gains from high brand value, a solid presence in key cities and expansionary efforts.
Extra Space Storage: Balancing Company Strength And Industry Weakness
Extra Space Storage is a resilient REIT in the self-storage sector, showing long-term growth despite recent industry challenges and a stagnant dividend. The self-storage industry is experiencing consolidation, driven by institutional capital and private equity funds, making it an attractive investment due to its operational efficiency and resilience. EXR has expanded rapidly, doubling its store count since 2021, and maintains a strong balance sheet with investment-grade ratings, positioning it well for future growth.
Extra Space Storage's Store Count Surpasses 4,000 Nationwide
EXR surpasses 4,000 stores, solidifying its dominance in self-storage with strategic growth and major acquisitions.
Extra Space Storage Inc. (EXR) Q4 2024 Earnings Call Transcript
Extra Space Storage Inc. (NYSE:EXR ) Q4 2024 Earnings Conference Call February 26, 2025 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Jeff Spector - BofA Michael Goldsmith - UBS Brendan Lynch - Barclays Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Eric Wolfe - Citi Keegan Carl - Wolfe Research Nick Yulico - Scotiabank Michael Mueller - JPMorgan Salil Mehta - Green Street Jeremy Kuhl - Goldman Sachs Omotayo Okusanya - Deutsche Bank Jon Petersen - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to the Extra Space Storage Inc. Q4 and 2024 Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, February 26, 2025.
Extra Space Storage Q4 FFO Beats Estimates, Occupancy Grows Y/Y
EXR's Q4 results reflect higher revenues year over year, aided by growth in occupancy, though lower same-store NOI marred the performance to an extent.
Extra Space Storage Reports Mixed Q4
Self-storage specialist Extra Space Storage (EXR -2.81%) reported mixed fourth-quarter 2024 earnings on Tuesday, Feb. 25. Funds from Operations (FFO) per share of $1.96, eclipsing the expected $1.08, while core FFO registered a slight year-over-year growth to $2.03 per share.
Compared to Estimates, Extra Space Storage (EXR) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Extra Space Storage (EXR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Extra Space Storage (EXR) Beats Q4 FFO Estimates
Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2.03 per share, beating the Zacks Consensus Estimate of $2.02 per share. This compares to FFO of $2.02 per share a year ago.
Unveiling Extra Space Storage (EXR) Q4 Outlook: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Extra Space Storage (EXR) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
2 Now Or Never REIT Picks For Dividend Investors
2 Now Or Never REIT Picks For Dividend Investors
Extra Space Storage: Dividend Growth Story
Extra Space Storage Inc. is a REIT specializing in self-storage operations, including owning, managing, acquiring, and developing self-storage properties. The company also offers tenant insurance and manages properties for third-party owners, earning management fees. The investment thesis highlights Extra Space Storage's diversified revenue streams and robust business model in the self-storage sector.
Extra Space Storage: Time To Store Some More Shares
Extra Space Storage has underperformed recently, but I believe it offers a reasonable risk/reward ratio and expects growth to resume by 2026 at the latest. The business model is recession-resistant, with increasing demand for self-storage and potential for market consolidation through acquisitions. Rising interest rates have impacted REITs, but Extra Space Storage's occupancy and customer satisfaction remain high, supporting long-term stability.
