💨 Abstract
Extra Space Storage Inc. reported a higher-than-expected funds from operations in Q1 2025, exceeding analyst predictions. The Salt Lake City-based REIT recorded $443.9 million in funds from operations, or $2 per share. However, revenue came in slightly lower than expected at $820 million. The company anticipates full-year funds from operations to be between $8 and $8.30 per share.
Courtesy: wtop.com
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