Feb 25 (Reuters) - Extra Space Storage ( EXR ) forecast

on Tuesday its annual funds from operations (FFO) below Wall

Street expectations, as the company grapples with a challenging

macro environment amid high interest rates.

Shares of the company fell about 1% in extended trading.

The Salt Lake City, Utah-based real estate investment trust

posted quarterly core FFO of $2.03 per share, compared with

analysts' estimates of $2.05 per share, according to data

compiled by LSEG.

The company expects its core FFO for 2025 to be in the range

of $8.00 to $8.30 per share, below analysts' estimates of $8.39

per share.

Total revenue for the fourth quarter ended December 31 was

$821.9 million, compared to the $797.8 million it posted a year

ago.