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Extra Space Storage Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Extra Space Storage Inc. (EXR) released a profit for its second quarter that climbed from last year.

The company's profit totaled $167.95 million, or $1.25 per share. This compares with $102.91 million, or $0.80 per share, in last year's second quarter.

Excluding items, Extra Space Storage Inc. reported adjusted earnings of $232.31 million or $1.64 per share for the period.

Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.7% to $378.63 million from $327.25 million last year.

Extra Space Storage Inc. earnings at a glance:

-Earnings (Q2): $232.31 Mln. vs. $169.88 Mln. last year. -EPS (Q2): $1.64 vs. $1.23 last year. -Analysts Estimate: $1.06 -Revenue (Q2): $378.63 Mln vs. $327.25 Mln last year.

-Guidance: Full year EPS guidance: $6.45 - $6.60

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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