Extra Space Storage Sees FY24 Core FFO $7.85-$8.15 Vs $8.05 Est.
Portfolio Pulse from Benzinga Newsdesk
Extra Space Storage forecasts its FY24 Core FFO to range between $7.85 and $8.15, which is below the estimated $8.05.
April 30, 2024 | 9:27 pm
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NEGATIVE IMPACT
Extra Space Storage's FY24 Core FFO projection is below market expectations, indicating potential pressure on its stock.
The company's forecasted Core FFO for FY24 is below the analyst estimate, which could lead to negative investor sentiment and potentially lower stock prices in the short term. This projection directly impacts the company's financial outlook, making it highly relevant and important for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100