Extra Space Storage Q3 net income $1.65 EPS (+17.9% YoY); Core FFO $2.21 (+19.5% YoY)

Extra Space Storage Inc.

2022-Q3 EPS reported $4.89 revenue$1,417,452,000

Net income $220.7M ($1.65 diluted EPS); Core FFO $2.21 per share, up 19.5% YoY.
Same-store revenue +15.5%, same-store NOI +16.4% vs Q3 2021; occupancy 95.2%.
Acquired 116 operating stores (incl. Storage Express) for ~$759.9M in Q3.
Recorded $6.2M in hurricane-related charges (net of insurance); excluded from Core FFO.
FY 2022 Core FFO guidance narrowed to $8.30-$8.40 from $8.30-$8.50; same-store NOI growth 18.5-20%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Extra Space Storage Inc. reported the three months ended September 30, 2022 results: net income $ 220,719, EPS $1.65 per diluted share.

Period: the three months ended September 30, 2022
Net income: $ 220,719
EPS: $1.65 per diluted share
Result: reported results

Exact text from the filing

Highlights for the three months ended September 30, 2022: • Achieved net income attributable to common stockholders of $1.65 per diluted share, representing a 17.9% increase compared to the same period in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Extra Space Storage Inc. reported the nine months ended September 30, 2022 results: net income $ 656,428, EPS $4.89 per diluted share.

Period: the nine months ended September 30, 2022
Net income: $ 656,428
EPS: $4.89 per diluted share
Result: reported results

Exact text from the filing

Highlights for the nine months ended September 30, 2022: • Achieved net income attributable to common stockholders of $4.89 per diluted share, representing a 16.7% increase compared to the same period in the prior year.

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-027562

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