Feb. 20 at 5:25 PM
$EXR beats Q4 estimates, but is it enough? 🤔
Core FFO per share hit
$2.08, topping estimates, with revenues also exceeding expectations at
$857.5M. However, same-store NOI only increased by 0.1%, while same-store occupancy fell by 70 basis points, and interest expenses rose by 7.9%, raising concerns. 📉
Full analysis here 👉 https://www.zacks.com/stock/news/2872948/extra-space-storage-q4-core-ffo-revenues-surpass-estimates?cid=sm-stocktwits-2-2872948-body-34499&ADID=SYND_STOCKTWITS_TWEET_2_2872948_BODY_34499