Loading...
•
Mar 31, 2023
Extra Space Q1 2023 Earnings Report
Extra Space Storage Inc. reported first quarter results, demonstrating strong occupancy and same-store net operating income growth.
Key Takeaways
Extra Space Storage Inc. reported a net income of $1.46 per diluted share and FFO of $2.02 per diluted share for the first quarter of 2023. The company experienced growth in same-store revenue and net operating income, driven by strong occupancy.
Net income attributable to common stockholders was $1.46 per diluted share, a 3.3% decrease year-over-year.
FFO was $2.02 per diluted share, representing a 0.5% increase compared to the same period in the prior year.
Same-store revenue increased by 7.4% and same-store NOI increased by 8.7% compared to the same period in the prior year.
Same-store occupancy was 93.5% as of March 31, 2023, compared to 94.3% as of March 31, 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...