Extra Space Storage Q1 Core FFO Beats Estimates, Occupancy Grows Y/Y

Extra Space Storage Inc. (EXR) reported first-quarter 2025 core funds from operations (FFO) per share of $2.00, beating the Zacks Consensus Estimate of$1.96. The figure increased 2% from the prior-year quarter.Results reflect a year-over-year rise in revenues due to growth in occupancy. However, high interest expenses during the quarter were a spoilsport.Quarterly revenues of $820 million missed the Zacks Consensus Estimate of$823.4 million. However, the top line increased 2.6% year over year.Per Joe Marg ...