With a market cap of $32.1 billion, Salt Lake City, Utah-based Extra Space Storage Inc. (EXR) is a leading real estate investment trust (REIT) and the largest operator of self-storage properties in the United States. With a portfolio of 3,862 stores across 42 states and Washington, D.C., the company provides 296.7 million square feet of secure, rentable storage space under its Extra Space, Life Storage, and Storage Express brands. EXR is expected to release its fiscal Q4 earnings results on Tuesday, Feb. 25.
Ahead of this event, analysts project the self-storage facility REIT to report an AFFO of $2.02 per share, in line with the results from the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the last four quarterly reports while missing on another. In the most recent quarter, EXR exceeded the consensus AFFO estimate by a margin of nearly 2%.
