---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-164949"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T02:46:23.965865+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Extra Space files pro forma financials for $14.7B Life Storage merger; expected H2 2023 close

## Summary
- Merger consideration $14.7B: $11.4B in Extra Space equity plus $3.1B debt assumption and $161M transaction costs.
- Exchange ratio fixed at 0.895 Extra Space shares per Life Storage share; combined ownership 65% EXR, 35% LSI.
- Pro forma combined net income $201.8M (Q1 2023) and $917.1M (FY 2022); no synergy savings included.
- Deal accounted as asset acquisition under ASC 805-50; purchase price allocation preliminary.
- Annual general & administrative cost savings expected but not reflected in pro forma statements.

## SEC filing metadata
- accession: 0001193125-23-164949
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000119312523164949/0001193125-23-164949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000119312523164949/d498994d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164949
- JSON: https://secwatch.observer/filing/0001193125-23-164949.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164949.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.