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Extra Space Storage Inc (EXR)
:EXR
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Extra Space Storage (EXR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 25, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.16
Last Year’s EPS
1.24
Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
Extra Space Storage's earnings call presented a mixed outlook, with strong gains in FFO, occupancy, and strategic acquisitions, but faced challenges in same-store revenue growth and increased expenses. The company's strategic initiatives and positive rate trends suggest optimism for future growth.
Company Guidance
During the Extra Space Storage Q3 2025 earnings call, the company reported a Core FFO of $2.08 per share, meeting internal expectations. Same-store occupancy was 93.7% at the quarter's end and averaged 94.1% throughout the quarter, a year-over-year improvement of 30 basis points. New customer rate growth exceeded 3% year-over-year net of discounts, though same-store revenue remained flat due to strategic discounting aimed at optimizing long-term revenue. Excluding discounts, new customer rate growth was about 6%. The company raised its acquisition guidance to $900 million, driven partly by a $244 million purchase of a 24-property portfolio in Utah, Arizona, and Nevada. The Bridge Loan Program originated $123 million in the quarter and sold $71 million in mortgage loans. The third-party management platform expanded by 95 stores, netting 62 additional stores, bringing the total to 1,811. Despite flat same-store revenue for 2025, growth in other revenue streams has been strong. The company raised its full-year Core FFO guidance to between $8.12 and $8.20 per share and adjusted same-store revenue growth expectations to between negative 25 basis points and positive 25 basis points.
Core FFO Meets Expectations
Extra Space Storage reported Core FFO of $2.08 per share, meeting internal expectations for the third quarter.
Occupancy and New Customer Rate Growth
Same-store occupancy at the end of the quarter was 93.7%, with an average of 94.1% during the quarter, and new customer rate growth exceeding 3% year-over-year net of discounts.
Strategic Portfolio Acquisition
Completed a $244 million acquisition of a 24-property portfolio, driving increased acquisition guidance to $900 million.
Expansion of Third-party Management Platform
The third-party management platform expanded by an additional 95 stores during the quarter, bringing the total managed portfolio to 1,811 stores.
Bridge Loan Program Performance
The Bridge Loan Program delivered strong performance with $123 million in originations and $71 million in strategic mortgage loan sales during the quarter.
Addition of Credit Capacity
Recast credit facility added $1 billion in capacity to the revolving line of credit, with reduced interest rate spreads.
Full Year Core FFO Guidance Raised
Raising full year Core FFO guidance to a range of $8.12 to $8.20 per share.

Extra Space Storage (EXR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

EXR Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 25, 2026
2025 (Q4)
1.16 / -
1.24
Oct 29, 2025
2025 (Q3)
1.19 / 0.78
0.91-14.29% (-0.13)
Jul 30, 2025
2025 (Q2)
1.16 / 1.18
0.8834.09% (+0.30)
Apr 29, 2025
2025 (Q1)
1.02 / 1.28
1.0126.73% (+0.27)
Feb 25, 2025
2024 (Q4)
1.08 / 1.24
1.0221.57% (+0.22)
Oct 29, 2024
2024 (Q3)
1.11 / 0.91
0.96-5.21% (-0.05)
Jul 30, 2024
2024 (Q2)
1.03 / 0.88
1.5-41.33% (-0.62)
Apr 30, 2024
2024 (Q1)
0.99 / 1.01
1.46-30.82% (-0.45)
Feb 27, 2024
2023 (Q4)
1.21 / 1.02
1.52-32.89% (-0.50)
Nov 07, 2023
2023 (Q3)
0.44 / 0.96
1.65-41.82% (-0.69)
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

EXR Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
$141.76$134.80-4.91%
Jul 30, 2025
$147.70$132.88-10.03%
Apr 29, 2025
$138.36$143.34+3.60%
Feb 25, 2025
$156.01$148.88-4.57%
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 (EXR) report earnings?
Extra Space Storage Inc (EXR) is schdueled to report earning on Feb 25, 2026, After Close (Confirmed).
    What is Extra Space Storage Inc (EXR) earnings time?
    Extra Space Storage Inc (EXR) earnings time is at Feb 25, 2026, After Close (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 EXR EPS forecast?
          EXR EPS forecast for the fiscal quarter 2025 (Q4) is 1.16.
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