The earnings call presented a mix of strong occupancy rates and positive new customer rate trends, alongside challenges such as flat same-store revenue growth and higher expenses. Despite some positive indicators, the overall sentiment reflects a cautious outlook due to external market pressures and slower-than-expected improvement in customer rates.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, Extra Space Storage provided guidance indicating a stable operational performance with a same-store occupancy of 94.6%, reflecting an increase of 60 basis points year-over-year and 120 basis points sequentially. The company reported flat same-store revenue growth, attributed to gradual improvements in new customer rate growth, marking the first positive year-over-year rate growth since March 2022. Extra Space Storage maintained its full-year core FFO guidance midpoint at $8.15 per share, with a guidance range of $8.05 to $8.25 per share, and anticipated same-store revenue growth between negative 0.5% and positive 1% for the full year. Operating expenses were projected to grow between 4% and 5%, with property tax growth expected to normalize in the latter half of the year. The company highlighted its strategic approach to capital allocation, completing a $12 million acquisition, buying out joint venture partners for $326 million, and generating $158 million in new bridge loan originations. Additionally, their third-party management program expanded by 74 properties, increasing their managed portfolio to 1,749 stores.

Strong 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

Achieved positive year-over-year rate growth to new customers for the first time since March 2022.

Expansion of Third-Party Management Program

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

Bridge Loan Program Success

Generated $158 million in new originations, showing strong market traction.

Stable Balance Sheet

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

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)	1.20 / -	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 (EXR) report earnings?

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

What is Extra Space Storage (EXR) earnings time?

Extra Space Storage (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 1.2.

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