Extra Space Storage Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - 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.