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Wednesday, November 1, 2017

Extra Space Storage (EXR) reported earnings on Wed 1 Nov 2017 (a/h)

** charts after earnings **


Extra Space Storage beats by $0.03, beats on revs 
  • Reports Q3 (Sep) funds from operations of $1.13 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $1.10; revenues rose 10.5% year/year to $284.16 mln vs the $246.85 mln Capital IQ Consensus.
  • Increased same-store revenue by 4.8% and same-store net operating income ("NOI") by 5.5% compared to the same period in 2016. 

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