Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- Extra Space Storage reported a 3% decline in FFO per share in Q1 2024. - Same-store revenues up by 1.0% year over year, with increased operating expenses. - Quarterly revenues of $799.5 million exceeded estimates, rose 58.9% year over year. - Guidance for core FFO per share for 2024 reiterated at $7.85-$8.15. - Public Storage reported a 1.2% decline in FFO per share in Q1 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Extra Space Storage reported a 3% decline in FFO per share in Q1 2024.
- Same-store revenues up by 1.0% year over year, with increased operating expenses.
- Quarterly revenues of $799.5 million exceeded estimates, rose 58.9% year over year.
- Guidance for core FFO per share for 2024 reiterated at $7.85-$8.15.
- Public Storage reported a 1.2% decline in FFO per share in Q1 2024.
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