Compared to Estimates, Extra Space Storage (EXR) Q4 Earnings: A Look at Key Metrics

Extra Space Storage (EXR) reported $821.9 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 3%. EPS of $2.03 for the same period compares to $1.02 a year ago.The reported revenue represents a surprise of -1.16% over the Zacks Consensus Estimate of $831.54 million. With the consensus EPS estimate being $2.02, the EPS surprise was +0.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Extra Space Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Property rental: $707.23 million versus the five-analyst average estimate of $702 million. The reported number represents a year-over-year change of +1.5%. Management and franchise fees: $30.97 million versus the five-analyst average estimate of $30.05 million. The reported number represents a year-over-year change of +1.9%. Tenant insurance: $83.70 million compared to the $83.50 million average estimate based on four analysts. The reported number represents a change of +18.9% year over year. Net income (loss) per common share - Diluted: $1.24 versus the five-analyst average estimate of $1.08. View all Key Company Metrics for Extra Space Storage here>>>Shares of Extra Space Storage have returned +2% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Extra Space Storage Inc (EXR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks