Extra Space Storage (EXR) Beats Q4 FFO Estimates

Company Performance - Extra Space Storage (EXR) reported quarterly funds from operations (FFO) of $2.03 per share, exceeding the Zacks Consensus Estimate of$ 2.02 per share, and matching the FFO of $2.02 per share from the previous year [1] - The quarterly report indicates an FFO surprise of 0.50%, and the company has surpassed consensus FFO estimates in all four of the last quarters [2] - The company posted revenues of$ 821.9 million for the quarter ended December 2024, which was 1.16% below the Zacks Consensus Estimate, compared to revenues of $797.77 million a year ago [3] Stock Performance - Extra Space Storage shares have increased approximately 6.3% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [4] - The current consensus FFO estimate for the upcoming quarter is$ 2.01 on revenues of $829.88 million, and for the current fiscal year, it is$ 8.34 on revenues of $3.37 billion [8] Industry Outlook - The REIT and Equity Trust - Other industry, to which Extra Space Storage belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [9]