Extra Space Storage (EXR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased sharply compared to the prior quarter. The latest result also showed a strong gain when measured against the same period one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased sharply compared to the prior quarter. The latest result also showed a strong gain when measured against the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$28M
Revenue reported for this quarter.
Quarter-over-quarter
+26.2%
Change from the immediately preceding quarter.
Year-over-year
+26.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$92.8M
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 |
|---|---|---|
| Dec 31, 2022 | $21.2M | +11.8% |
| Mar 31, 2023 | $21.4M | +7.2% |
| Jun 30, 2023 | $22.2M | +8.2% |
| Sep 30, 2023 | $28M | +26.0% |
Revenue performance
The reported revenue rose from the preceding quarter, continuing the upward trajectory seen in earlier periods of the fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Versus the same quarter of the prior year, revenue also increased at a similar magnitude.
What to watch
The filing does not provide a specific cause for the revenue change; no forward-looking statement is warranted from the supplied data alone.