Extra Space Storage (EXR) reported earnings 30 days ago. What's next for the stock?
Extra Space Storage NYSE: EXR reported second-quarter core funds from operations, or FFO, of $2.15 per share, up 4.9% from a year earlier, as same-store revenue growth accelerated and expenses declined modestly. Management said the company's operating results exceeded its internal forecasts, prompting it to raise full-year guidance.
Extra Space Storage's Q2 results top estimates as stronger same-store NOI and lower same-store expenses fuel growth, while higher 2026 guidance signals improving momentum.
Extra Space Storage is now rated 'hold' as shares approach fair value after a solid run since January. Core FFO guidance was raised to $8.25–$8.40, with NOI growth driven by moderating supply and improving rental rates. EXR maintains a secure 4.3% dividend yield, supported by a strong balance sheet and ongoing deleveraging post-Life Storage acquisition.
While the top- and bottom-line numbers for Extra Space Storage (EXR) give a sense of how the business performed in the quarter ended June 2026, 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) came out with quarterly funds from operations (FFO) of $2.15 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to FFO of $2.05 per share a year ago.
EXR heads into Q2 earnings with revenue growth expected, but intense competition could pressure pricing and temper results.
Extra Space Storage benefits from resilient demand, acquisitions and steady expansion, though new supply and higher debt remain headwinds.
Extra Space Storage Inc. (EXR) Q1 2026 Earnings Call Transcript
EXR tops Q1 FFO estimates as revenues climb 4.5% and same-store NOI improves, while steady occupancy and portfolio expansion highlight operational stability.
The headline numbers for Extra Space Storage (EXR) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2.04 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $2 per share a year ago.