The call presented a mixed outlook. While there were positive developments in occupancy rates, new customer rate growth, and expansion of third-party management, challenges were evident in flat revenue growth, increased expenses, and caution in acquisitions due to market conditions.

Company Guidance

During the Extra Space Storage Q2 2025 earnings call, the company provided guidance indicating a stable outlook with the maintenance of its full-year core FFO guidance at a midpoint of $8.15 per share. Same-store occupancy was reported at 94.6%, reflecting a 60 basis point increase year-over-year, with new customer rates showing positive growth of over 2% in July. Despite flat same-store revenue growth due to gradual rate improvement, the company expects revenue growth to range between -0.5% and 1% for the full year, with potential acceleration in the fourth quarter. Operating expenses rose by 8.6%, driven by property tax increases, but are expected to moderate in the latter half of the year. The company executed strategic acquisitions, including a $12 million acquisition and a $326 million buyout of joint venture interests, while expanding its managed portfolio to 1,749 stores. The balance sheet remains robust, with 89% of debt at fixed rates and a weighted average interest rate of 4.4%. The company aims to capitalize on improving market fundamentals and anticipates a gradual recovery in demand and pricing power, supported by easing new supply pressures.

High Occupancy Rates

Same-store occupancy reached 94.6%, up 60 basis points year-over-year and 120 basis points sequentially from the first quarter.

Positive New Customer Rate Growth

New customer rates showed positive year-over-year growth for the first time since March 2022, indicating an encouraging trend.

Expansion of Third-Party Management Program

Added 93 stores with net growth of 74 properties, expanding the managed portfolio to 1,749 stores.

Strong Balance Sheet

89% of debt maintained at fixed rates with a weighted average interest rate of 4.4% and average maturity of 4.3 years.

Successful Buyout of Joint Ventures

Completed buyout of 2 joint venture partners' interests in 27 properties for $326 million at attractive valuations.

Extra Space Storage (EXR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EXR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	1.19 / -	0.91	―	―	―
Jul 30, 2025	2025 (Q2)	1.16 / 1.18	0.88	34.09% (+0.30)	―
Apr 29, 2025	2025 (Q1)	1.02 / 1.28	1.01	26.73% (+0.27)	―
Feb 25, 2025	2024 (Q4)	1.08 / 1.24	1.02	21.57% (+0.22)	―
Oct 29, 2024	2024 (Q3)	1.11 / 0.91	0.96	-5.21% (-0.05)	―
Jul 30, 2024	2024 (Q2)	1.03 / 0.88	1.5	-41.33% (-0.62)	―
Apr 30, 2024	2024 (Q1)	0.99 / 1.01	1.46	-30.82% (-0.45)	―
Feb 27, 2024	2023 (Q4)	1.21 / 1.02	1.52	-32.89% (-0.50)	―
Nov 07, 2023	2023 (Q3)	0.44 / 0.96	1.65	-41.82% (-0.69)	―
Aug 03, 2023	2023 (Q2)	1.51 / 1.50	1.73	-13.29% (-0.23)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EXR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$149.34	$134.36	-10.03%
Apr 29, 2025	$139.90	$144.93	+3.60%
Feb 25, 2025	$157.74	$150.54	-4.56%
Oct 29, 2024	$160.33	$159.48	-0.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Extra Space Storage Inc (EXR) report earnings?

Extra Space Storage Inc (EXR) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Extra Space Storage Inc (EXR) earnings time?

Extra Space Storage Inc (EXR) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EXR EPS forecast?

EXR EPS forecast for the fiscal quarter 2025 (Q3) is 1.19.

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