Extra Space Storage beats by $0.09, misses on revs; guides FY18 FFO above consensus
- Reports Q4 (Dec) funds from operations of $1.17 per share, $0.09 better than the Capital IQ Consensus of $1.08; revenues rose 7.6% year/year to $246.4 mln vs the $250 mln Capital IQ Consensus.
- Co issues upside guidance for FY18, sees FFO of $4.52-4.62 vs. $4.50 Capital IQ Consensus Estimate.
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