Extra Space Storage Updates FY23 Core FFO From $8.00-$8.25 To $8.05-$8.20
Portfolio Pulse from Benzinga Newsdesk
Extra Space Storage has updated its FY23 Core FFO estimates from $8.00-$8.25 to $8.05-$8.20, including the impact of the Life Storage merger. The company's revised annual assumptions also include same-store revenue growth of 2.75%-3.50%, same-store expense growth of 4.00%-5.00%, and same-store NOI growth of 2.25%-3.25%. The estimates are forward-looking and based on management's view of current and future market conditions.
November 08, 2023 | 12:37 am
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Extra Space Storage has revised its FY23 Core FFO estimates, which includes the impact of the Life Storage merger. This could potentially impact the company's stock performance.
The revision of Extra Space Storage's FY23 Core FFO estimates, including the impact of the Life Storage merger, could potentially influence investor sentiment and impact the company's stock performance. However, the exact direction of the impact is uncertain as it depends on various factors including market conditions and investor interpretation of the revised estimates.
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