Extra Space Storage (EXR) Q4 Earnings: What’s in Store?

Shutterstock photo Extra Space Storage Inc. EXR is slated to report fourth-quarter and 2017 results on Feb 20, after the market closes . Both its revenues and funds from operations (FFO) are expected to experience year-over-year growth. In the last reported quarter, this Salt Lake City, UT-based self-storage real estate investment trust (REIT) delivered a positive surprise of 2.73% in terms of FFO per share. Results reflected growth in property-rental revenues and improvement in same-store NOI. Particularly, higher occupancy and rental rates supported growth. The company has a decent surprise history. In fact, the company exceeded the Zacks Consensus Estimate in each of the trailing four quarters, with an average… Read More

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