04:26 PM EDT, 07/30/2024 (MT Newswires) -- Public Storage ( PSA ) reported Q2 core funds from operations late Tuesday of $4.23 per diluted share, down from $4.28 a year earlier.

Analysts polled by Capital IQ expected adjusted FFO of $3.67.

Revenue in the quarter ended June 30 fell to $921.7 million from $931.4 million a year earlier. Analysts surveyed by Capital IQ expected $1.17 billion.

The company reduced its 2024 core FFO guidance to $16.50 to $16.85 per diluted share from $16.60 to $17.20. Analysts in a Capital IQ poll expect adjusted FFO of $14.96.

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