Executive readout · one minute
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EXR
$147.90
-1.00%
EXR · Extra Space Storage Inc.
$147.90
-1.50 (-1.00%)
At close · Aug 14
Market Cap
$31.25B
Shares
211.27M
All earnings calls
Earnings call · FY2019 Q4
Extra Space Storage Inc. Q4 FY2019 Earnings Call
Extra Space Storage Inc. Q4 FY2019 Earnings Call
Forward guidance
20 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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Revenue
$335.80M
+9.3% YoY
Diluted EPS
$0.86
+7.5% YoY
Net income
$112.28M
+10.7% YoY
Research materials
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Forward guidance
From the 8-K filed Feb 18, 2020.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
FFO
table
year ending December 31, 2020
|
$4.96 – $5.05 | — | |
|
Core FFO
table
year ending December 31, 2020
|
$4.99 – $5.08 | — | |
|
Same-store expense growth
table
year ending December 31, 2020
|
4% – 5% | — | |
|
Dilution per share from C of O and value add acquisitions
table
year ending December 31, 2020
|
$0.20 | — | |
|
Same-store revenue growth
table
year ending December 31, 2020
|
0.75% – 1.75% | — | |
|
Weighted average one-month LIBOR
table
year ending December 31, 2020
|
1.55% | — | |
|
Same-store NOI growth
table
year ending December 31, 2020
|
-0.5% – 1% | — | |
|
Net tenant reinsurance income
table
year ending December 31, 2020
|
$107M – $108M | — | |
|
Management fees, other income and interest income
table
year ending December 31, 2020
|
$69M – $70M | — | |
|
General and administrative expenses
table
year ending December 31, 2020
|
$96M – $97M | — | |
|
Acquisition of operating stores (wholly-owned)
table
year ending December 31, 2020
|
$115M | — | |
|
Equity in earnings of real estate ventures
table
year ending December 31, 2020
|
$12.5M – $13.5M | — | |
|
Average monthly cash balance
table
year ending December 31, 2020
|
$55M | — | |
|
Acquisition of C of O stores (joint venture)
table
year ending December 31, 2020
|
$35M | — | |
|
Acquisition of C of O stores (wholly-owned)
table
year ending December 31, 2020
|
$30M | — | |
|
Acquisition of operating stores (joint venture)
table
year ending December 31, 2020
|
$50M | — | |
|
Non-cash interest expense related to exchangeable senior notes
table
year ending December 31, 2020
|
$3.5M | — | |
|
Bridge loans
table
year ending December 31, 2020
|
$60M | — | |
|
Interest expense
table
year ending December 31, 2020
|
$179M – $181M | — | |
|
Taxes associated with the Company's taxable REIT subsidiary
table
year ending December 31, 2020
|
$13M – $14M | — |
Quarter detail
How the reported period landed and where the business moved.
SEC filing · Item 2.02
8-K earnings release
Filed Feb 18, 2020 · complete as-filed document
SEC periodic report
10-K report
Filed Feb 25, 2020 · complete as-filed document