05:01 PM EDT, 10/30/2024 (MT Newswires) -- Public Storage ( PSA ) reported Q3 core funds from operations late Wednesday of $4.20 per diluted share, down from $4.33 a year earlier.

Analysts polled by Capital IQ expected an adjusted FFO of $3.72.

Revenue for the quarter that ended Sept. 30 was $926.3 million, down from $938.6 million a year earlier.

Analysts surveyed by Capital IQ expected $1.19 billion.

The company reiterates full-year 2024 core FFO guidance of $16.50 to $16.85 per diluted share. Analysts surveyed by Capital IQ expect an adjusted FFO of $15.08.

The company now expects full-year revenue growth to fall by 1.3% to 0.5% from a year ago, compared with its previous projections for a decline of 1.5% to 0.5%. Analysts polled by Capital IQ expect $4.70 billion.

Shares of the company traded nearly 2% lower in after-hours activity.