secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001628280-22-027562
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000162828022027562/0001628280-22-027562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000162828022027562/exr-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027562

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