February 24, 2016
SmartStop acquisition pays off for Extra Space Storage
Feb 23 2016, 16:11 ET | About: Extra Space Storage, Inc. (EXR) | By: Stephen Alpher, SA News Editor Q4 adjusted FFO of $115.1M or $0.87 per share vs. $84.2M …

Read more

Feb 23 2016, 16:11 ET | About: Extra Space Storage, Inc. (EXR) | By: Stephen Alpher, SA News Editor

  • Q4 adjusted FFO of $115.1M or $0.87 per share vs. $84.2M and $0.68 one year ago. Full-year AFFO per share of $3.13 vs. $2.61 in 2014.
  • Q4 same-store (503 stores) revenue up 9.6% Y/Y; expenses up 4.8%; NOI up 11.5%.
  • Occupancy up 150 bps to 92.9%.
  • Full-year 2016 AFFO guidance of $3.65-$3.73 per share vs. $3.13 in 2015. Assumes same-property NOI growth of 7.5-9.0%.
  • Conference call tomorrow at 1 ET
  • Previously: Extra Space Storage beats by $0.11, beats on revenue (Feb. 23)
  • EXR flat after hours

Article Located Here

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now