Extra Space Storage (EXR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased both sequentially and year over year. The year-over-year growth was more pronounced than the sequential rise.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased both sequentially and year over year. The year-over-year growth was more pronounced than the sequential rise.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.4M
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$85.3M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $20.5M | +38.7% |
| Sep 30, 2022 | $22.2M | +31.8% |
| Dec 31, 2022 | $21.2M | +11.8% |
| Mar 31, 2023 | $21.4M | +7.2% |
Revenue performance
Revenue rose compared with the immediately preceding quarter.
Quarterly comparison
Revenue also increased from the same quarter one year earlier.
What to watch
The sequential improvement was modest relative to the stronger year-over-year gain, suggesting a possible deceleration in the rate of revenue growth.