For the quarter ended March 2025, Extra Space Storage (EXR) reported revenue of $820 million, up 2.6% over the same period last year. EPS came in at $2.00, compared to $1.10 in the year-ago quarter.
The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $823.42 million. With the consensus EPS estimate being $1.96, the EPS surprise was +2.04%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
- Same-store square foot occupancy: 93.4% versus 93.9% estimated by two analysts on average.
- Property rental: $704.38 million versus the five-analyst average estimate of $702.06 million. The reported number represents a year-over-year change of +2.4%.
- Management and franchise fees: $30.91 million versus the five-analyst average estimate of $31.32 million. The reported number represents a year-over-year change of +2.5%.
- Tenant insurance: $84.71 million compared to the $85.58 million average estimate based on four analysts. The reported number represents a change of +4.1% year over year.
- Same-store rental revenue: $659.74 million compared to the $407.10 million average estimate based on two analysts. The reported number represents a change of +59.1% year over year.
- Net income (loss) per common share - Diluted: $1.28 versus $1.05 estimated by six analysts on average.
View all Key Company Metrics for Extra Space Storage here>>>
Shares of Extra Space Storage have returned -4.4% 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.
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Extra Space Storage Inc (EXR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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