Here's What to Expect From Extra Space Storage's Next Earnings Report
Here's What to Expect From Extra Space Storage's Next Earnings Report.
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Maryland, USA-based Extra Space Storage Inc. (EXR) is a real estate investment trust (REIT) that offers a vast array of well-located storage facilities comprising many units and many million square feet of rentable storage space. Valued at a market cap of $30.4 billion, the company is expected to release its Q2 2026 earnings on Tuesday, July 28, after the market closes.
Ahead of the event, analysts expect the company's FFO to be $2.06 on a diluted basis, up marginally from $2.05 in the year-ago quarter. The company has exceeded Wall Street's FFO estimates in three of its last four quarters, while missing on one occasion.
Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
For fiscal 2026, analysts project the company's FFO to be $8.26, up by a marginal point from $8.21 in fiscal 2025. However, its FFO is expected to rise by roughly 2.7% year over year (YoY) to $8.48 in fiscal 2027.
EXR stock has declined 3.3% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 20.7% rise and the State Street Real Estate Select Sector SPDR ETF's (XLRE) 7.7% rise during the same time frame.
On Apr. 28, EXR stock rose 1.1% following the release of its Q1 2026 earnings. The company's revenue for the quarter amounted to $856 million, surpassing the Street's estimates. Moreover, its AFFO for the period came in at $2.04, also coming in on top of Wall Street's estimates. Extra Space Storage expects full-year funds from operations in the range of $8.05 to $8.35 per share.
Analysts are highly optimistic about EXR, with the stock having a "Moderate Buy" rating overall. Among the 20 analysts covering the stock, seven are recommending a "Strong Buy," and 19 suggest a "Hold." EXR's average analyst price target is $156.47, indicating an upside of 8% from the current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Sinergia Empresarial continuará el seguimiento de esta información sobre here's What to Expect From Extra Space Storage's Next Earnings Report y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
