secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001289490-26-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extra Space Storage Q1 2026 Core FFO $2.04 (+2% YoY); same-store revenue +1.7%
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- Net income of $1.14 diluted EPS (down 10.9% YoY); Core FFO of $2.04 per diluted share (up 2.0% YoY).
- Same-store revenue +1.7%, same-store NOI +1.2%; occupancy 93.0% vs 93.2% a year ago.
- Acquired one operating store for $12.5M; added 60 net stores to third-party management platform.
- Paid quarterly dividend of $1.62 per share; outlook reaffirmed: Core FFO $8.05-$8.35 for FY 2026.
- Repurchased 11,109 shares for $1.4M; $349.1M remaining under buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000128949026000034/0001289490-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000128949026000034/exr-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001289490-26-000034

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