Extra Space Storage (EXR) 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.
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.Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Extra Space Storage Inc (EXR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
