RBC Capital lowered the firm’s price target on Extra Space Storage (EXR) to $163 from $167 and keeps a Sector Perform rating on the shares after its Q4 results and below-consensus guide. The company’s 2025 FFO guidance was actually slightly better than RBC expected following Public Storage (PSA) results, but this involved worse same-store figures that were offset by a less-valuable increase in bridge loans and a new preferred investment, the analyst tells investors in a research note.
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