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Extra Space Storage reports Q4 core FFO $2.09 vs. $1,91 a year ago
The Fly

Extra Space Storage reports Q4 core FFO $2.09 vs. $1,91 a year ago

Reports Q4 revenue $506.71M, consensus $427.91M. CEO Joe Margolis commented: "We had another strong year, with annual same-store revenue growth of 17.4%, the highest in our company’s history. Our internal and external growth efforts led to achieved Core FFO growth of 22.1% for the full year. As we begin 2023, we have strong occupancy and healthy rental rates, and we are well positioned for another year of solid same-store revenue growth in our need-based, recession resilient sector."

Published first on TheFly

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