Extra Space Storage Revises FY23 Core FFO Per Share Outlook From $8.30-$8.60 To $8.15-$8.35
Portfolio Pulse from Benzinga Newsdesk
Extra Space Storage has revised its FY23 Core FFO per share outlook from $8.30-$8.60 to $8.15-$8.35. This revision is due to the proximity of the Life Storage merger closing to the earnings release. The revised estimates exclude any impact from the Life Storage Merger.
August 04, 2023 | 2:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Extra Space Storage's revised FY23 Core FFO per share outlook could potentially impact the company's stock price. The revision is due to the upcoming Life Storage merger.
The revision of Extra Space Storage's FY23 Core FFO per share outlook is a significant event that could potentially impact the company's stock price. Investors may interpret this revision as a sign of potential financial instability, which could lead to a decrease in the stock price. The upcoming Life Storage merger is also a significant event that could have various impacts on the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100