earnings
confidence high
sentiment neutral
materiality 0.75
Extra Space Storage Q1 2025 EPS $1.28, Core FFO $2.00; same-store revenue up 0.3%
Extra Space Storage Inc.
2025-Q1 EPS reported
$1.28
revenue$819,997,000
- Net income $270.9M ($1.28 diluted EPS), up 26.7% YoY; Core FFO $2.00/share, up 2.0% YoY.
- Same-store revenue +0.3% to $659.7M; same-store NOI -1.2% to $467.3M; occupancy 93.4%.
- Acquired 12 operating stores for $153.8M; added 113 stores to third-party management platform.
- FY2025 Core FFO guidance maintained at $8.00-$8.30; same-store revenue growth (0.75%) to 1.25%.
- Paid Q1 dividend of $1.62/share; post-quarter repurchased 68,585 shares for $8.6M.