| EXR |
Report |
Core FFO / share (Q2'26) |
IN-LINE |
pred ~$2.07 vs. cons $2.06 |
MEDIUM |
| EXR |
Report |
Same-store revenue growth (Q2'26 YoY) |
BEAT |
pred ~+2.0% vs. cons ~+1.5% |
MEDIUM |
| EXR |
Report |
Same-store NOI growth (Q2'26 YoY) |
BEAT |
pred ~+2.5% vs. cons ~+1.2% (easy -3.1% comp) |
MEDIUM |
| EXR |
Guide |
FY26 Core FFO/share range (pre-committed reset) |
BETTER |
guide raised to ~$8.15-$8.40 (mid ~$8.28) vs. prior/cons ~$8.20 (FY2026) |
MEDIUM |
| EXR |
Guide |
FY26 Same-store revenue growth |
BETTER |
guide raised to ~+1.5% (mid) vs. cons/prior ~+1.0% (range -0.5%/+1.5%) (FY2026) |
MEDIUM |
| EXR |
Guide |
FY26 Same-store NOI growth |
BETTER |
guide raised to ~+1.5% vs. prior mid ~+0.5% (FY2026) |
LOW |
| EXR |
Guide |
FY26 expense growth (insurance renewal favorable) |
LOWER |
guide ~+2.5% vs. prior mid ~+2.75% (range +2.0%/+3.5%) (FY2026) |
LOW |
| EXR |
Guide |
Peak-season street rate / occupancy trend commentary |
UNKNOWN |
pred street rates ~flat-to-+1% vs. April ahead-of-budget pace; occ ~93.5% vs. 94.6% comp (Q2-Q3'26) |
LOW |
| EXR |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.5% |
— |
MEDIUM |
| EXR |
Return |
5-day cumulative residual |
+1.0% (STABILIZE) |
A modest, pre-telegraphed guidance raise plus easy NOI comp should drive a small positive day-1 idiosyncratic move, but with the stock already +13% YTD near range highs and the raise partly priced, the beat is largely in the print. Out-period math is mixed: FY revenue/NOI revised up on the leasing-season reset, but decelerating new-customer street rates and tougher H2 comps cap upward estimate momentum, so revisions net only slightly higher — the initial pop holds rather than compounding or fully fading. |
LOW |