Extra Space Storage Posts 3Q EPS of $1.17
EXR is trading near its 52-week low of $125.71 (15% above the low).
Summary
Extra Space Storage reported third-quarter EPS of $1.17 per share, with net income of $247.8M and revenue of $889.8M, per Dow Jones Newswires. The company also bought back $327M of stock in the quarter. The quarter's quality versus the $2.15 Q2 core FFO base is now partly visible through the revenue and net income lines, though FFO, same-store metrics and guidance are not yet detailed. Q2 came in at $2.15 core FFO, up 4.9% year over year, with same-store NOI up 3.5% and raised full-year guidance, so the bar for Q3 was set high. This lands after the August 8-K naming Noah Springer to succeed retiring CEO Joe Margolis on December 31, 2026, a transition that keeps management execution in focus. The full release and any guidance revision will determine whether the print holds up.
At the time of this announcement, EXR was trading at $144.55 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $30.5B. The 52-week trading range was $125.71 to $158.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.