---
schema_version: "secwatch.filing_event.v1"
accession: "0001289490-25-000007"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T22:51:41.470590+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EXR Q2 net income $1.18/share (+34% YoY); Core FFO $2.05 (-0.5%); same-store NOI down 3.1%

## Summary
- Net income $249.7M, diluted EPS $1.18 vs $0.88 YoY; Core FFO $454.9M ($2.05/share).
- Same-store revenue flat; NOI fell 3.1% YoY; property taxes rose 19.2%; occupancy 94.6%.
- Bought out JV partners for $326.4M, wholly owning 27 properties; acquired 1 store for $12.1M.
- Managed store count reached 2,163 (1,749 third-party); bridge loan originations $157.8M.
- Maintained 2025 Core FFO guidance $8.05-$8.25; same-store NOI growth -2.75% to 0.0%.

## SEC filing metadata
- accession: 0001289490-25-000007
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000128949025000007/0001289490-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000128949025000007/exr-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289490-25-000007
- JSON: https://secwatch.observer/filing/0001289490-25-000007.json
- Plain text: https://secwatch.observer/filing/0001289490-25-000007.txt

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