Extra Space Storage (EXR) Lags Q4 FFO Estimates

Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2.02 per share, missing the Zacks Consensus Estimate of $2.03 per share. This compares to FFO of $2.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.49%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $2.03 per share when it actually produced FFO of $2.02, delivering a surprise of -0. ...