secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001289490-25-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extra Space Storage Q3 net income down 14.3%; Core FFO up 0.5%; guidance raised
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- Q3 net income per share $0.78 (-14.3% YoY); Core FFO $2.08 (+0.5% YoY).
- Same-store revenue -0.2%, NOI -2.5%; occupancy 93.7% (flat YoY).
- Recorded $105.1M net loss on assets held for sale and sold during Q3.
- Raised low end of FY Core FFO guidance to $8.12-$8.20; issued $800M 4.95% notes due 2033.
- Acquired 1 store ($12.8M); added 95 stores to management platform; total managed 2,222.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000128949025000020/0001289490-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000128949025000020/exr-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001289490-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer