tiprankstipranks

Extra Space Storage reports Q2 core FFO $2.06, consensus $2.00

Reports Q2 revenue $810.66M, consensus $728.75M. CEO Joe Margolis commented: “We’ve maintained strong occupancy levels in the Extra Space and Life Storage same-store pools despite a challenging demand and new customer rate environment. The occupancy gains drove positive revenue growth in both pools. In addition, we continue to realize G&A savings and stronger than expected tenant insurance income, supporting solid FFO per share performance ahead of our projections.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue