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Extra Space Storage Q2 Core FFO, Revenue Rise

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Extra Space Storage (EXR) reported Q2 core funds from operations late Tuesday of $2.15 per diluted share, up from $2.05 a year earlier.

Analysts polled by FactSet expected $2.07.

Revenue for the three months ended June 30 rose to $874.2 million from $841.6 million a year earlier.

Analysts expected $875 million.

The company raised full-year core FFO guidance to $8.25 to $8.40 a share from the prior range of $8.05 to 8.35. Analysts expect $8.29.

The company's shares fell 1.5% in after-hours trading.

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