Reports Q2 revenue $810.66M, consensus $728.75M. CEO Joe Margolis commented: “We’ve maintained strong occupancy levels in the Extra Space and Life Storage same-store pools despite a challenging demand and new customer rate environment. The occupancy gains drove positive revenue growth in both pools. In addition, we continue to realize G&A savings and stronger than expected tenant insurance income, supporting solid FFO per share performance ahead of our projections.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXR:
- Extra Space Storage Inc. Reports 2024 Second Quarter Results
- Is EXR a Buy, Before Earnings?
- Extra Space Storage price target raised to $175 from $150 at Raymond James
- Extra Space Storage price target raised to $159 from $140 at Scotiabank
- Extra Space Storage management to meet virtually with Seaport Research