Earnings Summary

Extra Space Storage Inc.’s revenue jumped 58.94% since last year same period to $799.54Mn in the Q1 2024. On a quarterly growth basis, Extra Space Storage Inc. has generated 0.22% jump in its revenue since last 3-months.

Extra Space Storage Inc.’s net profit jumped 8.56% since last year same period to $213.11Mn in the Q1 2024. On a quarterly growth basis, Extra Space Storage Inc. has generated -1.4% fall in its net profits since last 3-months.

Extra Space Storage Inc.’s net profit margin fell -31.7% since last year same period to 26.65% in the Q1 2024. On a quarterly growth basis, Extra Space Storage Inc. has generated -1.62% fall in its net profit margins since last 3-months.

Extra Space Storage Inc.’s price-to-earnings ratio after this Q1 2024 earnings stands at 38.72.

Extra Space Storage Inc.’s earning per share (EPS) estimates for the current quarter stand at 1.03 - a 4.04% jump from last quarter’s estimates.

Extra Space Storage Inc.’s earning per share (EPS) estimates for the current year stand at 1.03.

Extra Space Storage Inc.’s earning per share (EPS) fell -30.82% since last year same period to 1.01 in the Q1 2024. This indicates that the Extra Space Storage Inc. has generated -30.82% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Extra Space Storage Inc.’s return on assets (ROA) stands at 0.04.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Extra Space Storage Inc.’s return on equity (ROE) stands at 0.09.

Extra Space Storage Inc. declared 1.62 dividend per share during the earnings announcement for Q1 2024.