Extra Space Storage Q3 FFO Tops Estimates, Occupancy Rises

Extra Space Storage Inc. (EXR) reported third-quarter 2024 core funds from operations (FFO) per share of $2.07, which beat the Zacks Consensus Estimate of $2.03. The figure increased by 2.5% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results reflected a rise in occupancy and better-than-anticipated revenues. However, lower same-store net operating income (NOI) and increased interest expenses during the quarter were a spoilsport. Quarterly revenues of $824.8 ...