<strong>Extra Space Storage (EXR)</strong> is facing challenging times with declining share prices and missed Q2 as well as Q3 earnings estimates. Recent results showed a drop in net income by 14.3% and the growth in revenue lags behind. However, the company exceeded expectations on <strong>Funds from Operations (FFO)</strong> estimates in the third quarter, and upped its full-year Core FFO guidance range to $8.12–$8.20 per share. Given a slow same-store growth, their Q3 2025 FFO outlook appears weak. Their CEO, Joe Margolis, was recently acknowledged with Glassdoor Employees’ Choice Award which attests to strong internal leadership. $244 million acquisitions are underway to extend its asset portfolio. Additionally, <strong>Scotiabank</strong> and <strong>UBS</strong> maintain the <strong>‘Buy’</strong> rating on the stock, indicating market faith in its potential for future growth. The company also raised funds through the pricing of $800 million of 4.950% Senior Notes due in 2033 and $500 million of 5.400% Senior Notes due in 2035. Experts remain cautiously optimistic about their future performance despite recent business hiccups.
Extra Space Storage EXR News Analytics from Tue, 25 Feb 2025 08:00:00 GMT to Sat, 01 Nov 2025 08:03:37 GMT -
Rating -3
- Innovation 2
- Information 6
- Rumor -2
