Extra Space Storage Inc (Maryland)（EXR）のニュースとイベントEXRExtra Space Storage Inc (Maryland)

Extra Space Reports Q3 Revenue of $701.68M

Reports Q3 revenue $701.68M, consensus $750.53M. Q3 same-store revenue increased by 2.7% and same-store expense decreased by 1.8%, resulting in a same-store NOI increase of 4.6% compared to last year. Joe Margolis, CEO of the Company, stated: "Our platform, portfolio and people continue to outperform, with Core FFO per share growth of 4.3% and accelerating same-store performance. We remain focused on disciplined capital allocation and compounding long-term value per share, including through the opportunistic repurchase of our shares this quarter. Our differentiating capabilities in pricing, customer acquisition and growth continue to drive strong results. Extra Space is entering its leadership transition from a position of strength, and I am confident in the opportunities ahead."

FY26 FFO Expected at $8.34, NOI Growth Outlook Raised to 2.50%-3.50%

Consensus is for FY26 FFO $8.34. Raises FY26 Same-store NOI growth view to 2.50%-3.50% from 0.50%-2.50%.

BMO Capital Reiterates Extra Space Storage Price Target at $160

BMO Capital reiterated a Market Perform rating and $160 price target on Extra Space Storage after Joe Margolis announced he will step down as CEO at year-end. Margolis, who will be succeeded by president Noah Springer, is well-respected by Wall Street, having led the company through a period of significant growth, the analyst tells investors in a research note. The move wasn't a huge surprise, the author adds, noting that no change in strategy is expected. The firm sees Extra Space as well-positioned for a continued reacceleration in growth.