Image Source: Zacks Investment Research The majority of its stores are close to large population centers. Apart from having an above-average population, these markets enjoy favorable income demographics for stores. Therefore, the company is well-poised for longterm growth with a geographically diversified portfolio and significant scale. We expect a year-over-year rise of 25.5% in the company's total revenues in 2024. In addition to the buyouts, the company is making strategic investments through other chan ...

As the stock market passes through mid-2024, it's vital to identify stocks for a market rally to capitalize on emerging growth trends. Here are three standout real estate investment trust (REIT) stocks. Each demonstrates high fundamentals that lead these companies to gain on the market rally in the second half of 2024. The first company on the list operates in self-storage facilities across the U.S. In a real estate market that is attached to variability, the company has constantly leveraged its sharp occup ...

SALT LAKE CITY, June 25, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended June 30, 2024 on Tuesday, July 30, 2024 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Wednesday, July 31, 2024, to discuss its financial results.  Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO. ...

Extra Space Storage (EXR) is poised to gain from its high brand value and strong presence in major cities in the United States. Strategic acquisitions, a healthy balance sheet, opportunistic investments and a third-party management platform bode well for the company’s long-term growth. However, lower new customer rates, a development boom in many markets and a high interest rate environment pose key near-term concerns.What’s Aiding EXR?Extra Space Storage is the largest operator of self-storage properties i ...

Klaus Vedfelt In Malcolm Gladwell's book The Tipping Point, the New York Times best-selling author explains how social epidemics function like viruses, growing gradually until they reach a critical mass (the tipping point) and explode. In the book, Gladwell describes various types of "connectors" who are so-called specialists who know many people and can spread information widely. Gladwell also describes a "maven" as an information specialist who is always gathering and retaining information. They love shar ...

SALT LAKE CITY, May 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a second quarter 2024 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. About Extra Space Storage Inc.Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-32269 EXTRA SPACE STORAGE INC. (Exact name of registrant as specified in its charter) Maryland 20-1076777 (State or other jur ...

财务数据和关键指标变化 - 公司同店收入增长1%,符合内部预期 [9] - 公司同店费用增长5.5% [9] - Life Storage同店收入增长1.7%,符合内部预期 [10] - Life Storage同店费用增长6.7%,低于内部预期 [14] 各条业务线数据和关键指标变化 - Extra Space同店池占用率为93.2%,同比增加50个基点 [8] - Life Storage同店池占用率为92%,同比增加220个基点,与Extra Space同店池差距收窄至120个基点 [11] - 公司通过维持较低租金水平的策略,提高Life Storage同店池的占用率,预计未来将提升租金水平,缩小与Extra Space同店池的差距 [12][13] 各个市场数据和关键指标变化 - 公司业务分布广泛,不同市场表现不一,有加速的也有放缓的 [67][68] - 佛罗里达市场是相对较弱的市场,但公司长期看好该地区的发展前景 [73][74][75] 公司战略和发展方向及行业竞争 - 公司继续扩大第三方管理业务,新增97家第三方管理物业,净增72家 [15] - 交易市场较为低迷,公司仅在第一季度批准了3笔交易,收购收益率在中高6%左右 [61][62][63] - 公司的桥贷业务持续增长,第一季度新增164百万美元,超出预期 [15] - 公司将继续优化运营,提高效率,保持良好的财务状况,为未来发展做好准备 [16] 管理层对经营环境和未来前景的评论 - 公司对未来前景保持谨慎乐观,认为行业整体表现将与当前相当,不会出现大幅反弹 [47][48] - 公司将密切关注未来几个月的租赁旺季,届时将对全年指引进行调整 [37][38][41] - 公司认为自身有良好的平台和团队,能够在任何外部环境下优化业务表现 [159] 问答环节重要的提问和回答 问题1 **Michael Goldsmith 提问** 询问4月份的经营情况与第一季度末的变化 [25][26][27] **Scott Stubbs 回答** 4月份同店占用率为93.7%,同比增加50个基点,租金水平环比1月份有所改善 [26] 问题2 **Jeff Spector 提问** 询问公司对行业季节性趋势的判断 [36][37][38][39][40][41] **Joe Margolis 回答** 公司对行业季节性趋势有较好的把握,将密切关注未来几个月的租赁旺季 [37][38][41] 问题3 **Eric Wolfe 提问** 询问同店收入增速放缓的原因 [46][47][48][49][50] **Scott Stubbs 回答** 主要是由于去年同期的高基数,以及公司对未来经济环境的谨慎预期,而不是新增门店的拖累 [47][48][49][50]

Extra Space Storage Inc. (EXR) reported first-quarter 2024 core funds from operations (FFO) per share of $1.96, which beat the Zacks Consensus Estimate by a penny. However, the figure declined 3% from the prior-year quarter.The results reflect a rise in occupancy and better-than-anticipated revenues. However, higher same-store operating expenses and increased interest expenses during the quarter were a spoilsport.Quarterly revenues of $799.5 million beat the Zacks Consensus Estimate of $786.5 million. The t ...

Extra Space Storage (EXR) reported $799.54 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 58.9%. EPS of $1.96 for the same period compares to $1.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $786.47 million, representing a surprise of +1.66%. The company delivered an EPS surprise of +0.51%, with the consensus EPS estimate being $1.95.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...