04:59 PM EDT, 04/30/2024 (MT Newswires) -- Public Storage ( PSA ) reported Q1 core funds from operations late Tuesday of $4.03 per diluted share, down from $4.08 a year earlier.

Analysts polled by Capital IQ expected an adjusted FFO of $3.54.

Revenue for the quarter ended March 31 was $913.1 million, up from $912.5 million a year earlier. Analysts surveyed by Capital IQ expected $1.15 billion.

The company reiterated its 2024 core FFO guidance of $16.60 to $17.20 per diluted share. Analysts in a Capital IQ poll expect an adjusted FFO of $14.97.

The company's shares were up 4% in after-hours activity.

Price: 270.00, Change: +10.55, Percent Change: +4.07