US real estate investment trust (REIT) Extra Space Storage has reported better-than-expected results for its Q2 performance. The Salt Lake City-based company achieved a second-quarter core funds from operations (FFO) of $2.06 per share, surpassing analysts' forecasts of $2 per share. Extra Space Storage also maintained a steady same-store occupancy rate of 94.3%, slightly up from 94% last year. The company's total revenue for the quarter reached $810.7 million, marking a 58.5% increase year-over-year and exceeding the average analyst estimate of $728.8 million. As a result of its strong performance, Extra Space Storage has raised its lower-end FFO forecast for 2024, now expecting a range of $7.95 to $8.15 per share, up from the previous forecast of $7.85 to $8.15. The company's extensive presence across the US has contributed to its robust occupancy levels, making it an appealing option for investors seeking resilience and consistent performance in uncertain economic times. Extra Space Storage's strong performance highlights the strategic advantage of its widespread presence, which helps cushion against regional demand volatility. Geographic diversification and strong operational management are crucial in navigating market fluctuations in the post-pandemic era. [44157786]