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Extra Space Storage Inc (DE:FG8)
:FG8
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.01Last Year’s EPS
0.78Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 9.34%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong overall performance with increased FFO, high occupancy, and successful growth initiatives. However, there were challenges from uncontrollable expense increases and economic uncertainties. Despite the challenges, the company's strategic initiatives and resilience in the sector contributed to a positive outlook.Company Guidance
During Extra Space Storage's Q1 2025 earnings call, the company provided a robust outlook for the year. Key metrics highlighted included a 2% year-over-year increase in core funds from operations (FFO) to $2 per share and a historically high same-store occupancy rate of 93.4%, reflecting a 100 basis points improvement from Q1 2024. The company also reported a 0.3% same-store revenue growth driven by effective revenue management. External growth initiatives were underscored by $153.8 million in wholly-owned acquisitions and the addition of 12 stores to the portfolio. The bridge loan program remained active with $53.2 million in loans closed and a $1.4 billion loan balance maintained. The company's management plus platform expanded by 113 stores, reinforcing its industry-leading position with 1,675 third-party managed stores. Despite economic uncertainties, Extra Space Storage maintained its 2025 guidance, emphasizing the self-storage sector's resilience, a diversified portfolio, and strong operational strategies. The company ended the quarter with a conservative leverage profile and a 4.4% weighted average interest rate, demonstrating robust financial health and strategic growth planning.Solid First Quarter Performance
Core FFO increased by 2% year-over-year to $2 per share. Same-store occupancy was at 93.4%, showing a 100 basis points improvement from the first quarter of 2024.
Strong External Growth Initiatives
Completed $153.8 million in wholly owned acquisitions, adding 12 high-quality stores to the portfolio. Management Plus platform added a net of 100 properties, bringing the third-party managed portfolio to 1,675 stores.
Effective Capital Strategy
Executed two bond offerings, showing continued access to public debt markets. Maintained a conservative leverage profile with almost 90% of debt at fixed rates.
Positive Impact from Life Storage Assets
Former Life Storage assets showed improvements in leasing and pricing. Rentals at these stores are up 10.4% since rebranding.
DE:FG8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:FG8 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | €123.65 | €128.70 | +4.08% |
Feb 25, 2025 | €151.14 | €144.51 | -4.38% |
Oct 29, 2024 | €147.97 | €146.90 | -0.73% |
Jul 30, 2024 | €145.75 | €142.41 | -2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Extra Space Storage Inc (DE:FG8) report earnings?
Extra Space Storage Inc (DE:FG8) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Extra Space Storage Inc (DE:FG8) earnings time?
Extra Space Storage Inc (DE:FG8) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Extra Space Storage Inc stock?
The P/E ratio of Extra Space Storage is N/A.
What is DE:FG8 EPS forecast?
DE:FG8 EPS forecast for the fiscal quarter 2025 (Q2) is 1.01.