Extra Space Storage (EXR) Revenue — Quarter Ended Dec 31, 2023
The reported revenue rose during the quarter. It was higher than both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
The reported revenue rose during the quarter. It was higher than both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$30.4M
Revenue reported for this quarter.
Quarter-over-quarter
+8.4%
Change from the immediately preceding quarter.
Year-over-year
+43.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$102M
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 |
|---|---|---|
| Mar 31, 2023 | $21.4M | +7.2% |
| Jun 30, 2023 | $22.2M | +8.2% |
| Sep 30, 2023 | $28M | +26.0% |
| Dec 31, 2023 | $30.4M | +43.4% |
Revenue performance
Revenue moved higher in the quarter, continuing the upward trend seen throughout the year.
Quarterly comparison
Revenue was higher than the prior quarter and also increased compared to the same period a year ago.
What to watch
The company's discussion of leverage and debt financing strategies, as detailed in the filing, remains a key area to monitor.