Extra Space Storage (EXR) reported Q3 core funds from operations late Tuesday of $2.07 per diluted share, up from $2.02 a year earlier.
Analysts polled by Capital IQ expected an adjusted FFO of $1.86.
Revenue for the quarter ended Sept. 30 was $824.8 million, up from $748 million.
Analysts surveyed by Capital IQ expected $703.7 million.
For 2024, the company now expects core FFO in the range of $8 to $8.15, compared with the prior projection of $7.95 to $8.15. Analysts polled by Capital IQ expect $7.56.
As of Sept. 30, the company managed 1,461 stores for third-party owners and 460 stores in unconsolidated joint ventures, for a total of 1,921 managed stores.
Price: 165.49, Change: -0.13, Percent Change: -0.08
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