Extra Space Storage hits year low on weak 2025 FFO outlook

Extra Space Storage

30/10/2025 14:33

** Shares of self-storage facilities operator Extra Space Storage EXR.N fall 7% to $132 in early trading, the lowest in a year

** Co forecast 2025 core funds from operations (FFO) below Wall Street estimates on Wednesday due to continued pressure from sluggish same-store growth

** It expects annual core FFO between $8.12 and $8.20 per share, the midpoint of which is below analysts' avg. estimate of $8.18 according to data compiled by LSEG

     ** Co's key challenges include regaining pricing power and offsetting the impact of shifting occupancy trends

** Co posted Q3 revenue of $858.5 mln, above estimates of $779.9 mln

** Its quarterly core FFO of $2.08/share was in line with estimates

** Including session's move, shares down 11.6% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))