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Extra Space Storage Inc. Q3 adjusted earnings Beat Estimates

Extra Space Storage Inc. (EXR) reported earnings for its third quarter that rose from last year.

The company's bottom line came in at $188.28 million, or $1.40 per share. This compares with $114.63 million, or $0.88 per share, in last year's third quarter.

Excluding items, Extra Space Storage Inc. reported adjusted earnings of $261.74 million or $1.85 per share for the period.

Analysts had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.3% to $412.49 million from $343.02 million last year.

Extra Space Storage Inc. earnings at a glance:

-Earnings (Q3): $261.74 Mln. vs. $180.95 Mln. last year.
-EPS (Q3): $1.85 vs. $1.31 last year.
-Analysts Estimate: $1.22
-Revenue (Q3): $412.49 Mln vs. $343.02 Mln last year.

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