Summary
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Extra Space Storage Inc. (EXR) Q1 2025 Earnings Conference Call Transcript
Extra Space Storage Inc. (NYSE:EXR ) Q1 2025 Earnings Conference Call April 30, 2025 1:00 PM ET Company Participants Jared Conley - VP, IR Joe Margolis - CEO Scott Stubbs - CFO Conference Call Participants Michael Goldsmith - UBS Samir Khanal - BofA Securities Nick Yulico - Scotiabank AJ Peak - KeyBanc Capital Markets Ronald Kamden - Morgan Stanley Spenser Glimcher - Green Street Eric Wolfe - Citi Juan Sanabria - BMO Capital Markets Brad Heffern - RBC Eric Luebchow - Wells Fargo Caitlin Burrows - Goldman Sachs Michael Griffin - Evercore ISI Ravi Vaidya - Mizuho Ki Bin Kim - Truist Mike Mueller - JP Morgan Brendan Lynch - Barclays Omotayo Okusanya - Deutsche Bank Good afternoon, ladies and gentlemen, and welcome to the Extra Space Storage, Inc. Q1 2025 Earnings Conference Call. At this time, all lines are in a listen-only mode.
Extra Space Storage Q1 Core FFO Beats Estimates, Occupancy Grows Y/Y
EXR's Q1 results reflect higher revenues year over year, aided by growth in occupancy. However, higher interest expenses marred the performance to an extent.
Extra Space Storage (EXR) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Extra Space Storage (EXR) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Extra Space Storage Inc. Dividends
 0IJV 1 month ago | Other | $1.62 Per Share |
| 0IJV 4 months ago | Other | $1.62 Per Share |
| 0IJV 7 months ago | Other | $1.62 Per Share |
| 0IJV 10 months ago | Other | $1.62 Per Share |
| 0IJV 14 Mar 2024 | Other | $1.62 Per Share |
Extra Space Storage Inc. Earnings
| 28 Apr 2025 Date | | - Cons. EPS | - EPS |
| 25 Feb 2025 Date | | - Cons. EPS | 1.24 EPS |
| 5 Nov 2024 Date | | - Cons. EPS | - EPS |
| 29 Oct 2024 Date | | - Cons. EPS | 0.91 EPS |
| 1 Aug 2024 Date | | - Cons. EPS | - EPS |
| 0IJV 1 month ago | Other | $1.62 Per Share |
| 0IJV 4 months ago | Other | $1.62 Per Share |
| 0IJV 7 months ago | Other | $1.62 Per Share |
| 0IJV 10 months ago | Other | $1.62 Per Share |
| 0IJV 14 Mar 2024 | Other | $1.62 Per Share |
| 28 Apr 2025 Date | | - Cons. EPS | - EPS |
| 25 Feb 2025 Date | | - Cons. EPS | 1.24 EPS |
| 5 Nov 2024 Date | | - Cons. EPS | - EPS |
| 29 Oct 2024 Date | | - Cons. EPS | 0.91 EPS |
| 1 Aug 2024 Date | | - Cons. EPS | - EPS |
Extra Space Storage Inc. (0IJV) FAQ
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Extra Space Storage Inc. Profile
| REIT - Industrial Industry | Real Estate Sector | Mr. Joseph Daniel Margolis J.D. CEO | LSE Exchange | US30225T1025 ISIN |
| United States Country | 7,618 Employees | 14 Mar 2025 Last Dividend | - Last Split | 12 Aug 2004 IPO Date |
Overview
Extra Space Storage Inc. is a prominent real estate investment trust (REIT) based in Salt Lake City, Utah, which specializes in the management and operation of self-storage facilities. As an integral part of the S&P 500 index, the company has solidified its standing as a leading figure in the self-storage industry. By the end of December 2023, Extra Space Storage managed a significant portfolio comprising 3,714 self-storage stores located across 42 states and Washington, D.C. This vast network of storage solutions covers about 2.6 million units and spans approximately 283.0 million square feet of rentable space, showcasing the company's extensive reach and capacity. Operating under the brands Extra Space, Life Storage, and Storage Express, the company delivers on its promise of providing secure and conveniently located storage options to a diverse clientele ranging from individuals needing personal storage to businesses requiring space for inventory or equipment.
Products and Services
- Self-Storage Units:
At the core of Extra Space Storage's offerings are its wide-ranging self-storage units. These units are designed to cater to a variety of storage needs, whether customers are looking to declutter their homes, store seasonal items, or hold onto valuables during transitional periods. The company places a high emphasis on security and convenience, ensuring that customers have peace of mind when storing their belongings.
- Boat Storage:
Recognizing the specialized needs of boat owners, Extra Space Storage provides dedicated boat storage solutions. These are ideal for customers seeking a secure spot to store their boats during the off-season or when not in use, protecting them from the elements and freeing up space at home.
- RV Storage:
The company also offers storage options for recreational vehicles (RVs), accommodating the unique size and storage requirements of these vehicles. RV owners can benefit from Extra Space Storage's secure facilities, ensuring their RVs are safely housed when not exploring the open road.
- Business Storage:
Extra Space Storage extends its services to the business community with its business storage solutions. These services are tailored to meet the needs of businesses of all sizes, offering a cost-effective way to manage inventory, documents, or equipment. The flexibility and security of these storage options make them an attractive choice for businesses looking to optimize their operational space.
Contact Information
