Reports Q1 revenue $256.53M, consensus $261.13M. Reported FFO per share of 65c. Increased same-store NOI 9.1% year over year, driven by 6.9% revenue growth and a 1.0% increase in property operating expenses. Averaged same-store occupancy of 91.5% during the quarter and ended the quarter at 91.9%. Added 25 stores to its third-party management platform during the quarter, bringing its total third-party managed store count to 676.
Published first on TheFly
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