Extra Space Storage (EXR) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter ended June 30, 2023 continued to grow, maintaining positive momentum. The reported figure surpassed both the immediately preceding quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter ended June 30, 2023 continued to grow, maintaining positive momentum. The reported figure surpassed both the immediately preceding quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.2M
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$87M
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 |
|---|---|---|
| Sep 30, 2022 | $22.2M | +31.8% |
| Dec 31, 2022 | $21.2M | +11.8% |
| Mar 31, 2023 | $21.4M | +7.2% |
| Jun 30, 2023 | $22.2M | +8.2% |
Revenue performance
The company reported a sequential increase in revenue compared with the prior three-month period, reflecting sustained business activity. On a year-over-year basis, revenue also improved, extending the trend of higher annual comparisons.
Quarterly comparison
Relative to the immediately preceding quarter, revenue rose. When measured against the same quarter one year earlier, the revenue figure was also higher, showing a consistent upward trajectory.
What to watch
The filing discusses liquidity and capital resources, including cash position and debt composition; any shifts in these areas could affect future revenue stability.