Extra Space Storage Q4 Core FFO $2.09 (+9.4% YoY); FY2023 guidance $8.30-$8.60

Extra Space Storage Inc.

2022-FY EPS reported $6.41 revenue$1,924,170,000

Q4 Core FFO $2.09/share, up 9.4% YoY; full year Core FFO $8.44/share, up 22.1% YoY.
Same-store revenue +11.8% Q4, +17.4% FY; same-store NOI +13.4% Q4, +20.3% FY.
Occupancy 94.2% at year-end vs 95.3% prior year; acquired 145 operating stores in FY for $1.4B.
FY2023 Core FFO guidance $8.30-$8.60; same-store revenue growth 3.75%-5.25%.
Paid quarterly dividend $1.50/share (unchanged).

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 0.95

Extra Space Storage Inc. reported three months ended December 31, 2022 results: net income net income attributable to common stockholders of $1.52 per diluted share, EPS $1.52 per diluted share.

Period: three months ended December 31, 2022
Net income: net income attributable to common stockholders of $1.52 per diluted share
EPS: $1.52 per diluted share
Result: reported results

Exact text from the filing

Achieved net income attributable to common stockholders of $1.52 per diluted share, representing a 24.0% decrease compared to the same period in the prior year (which prior period included a $76.9 million, or $0.54/share, gain on real estate transactions).

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Extra Space Storage Inc. reported year ended December 31, 2022 results: net income net income attributable to common stockholders of $6.41 per diluted share, EPS $6.41 per diluted share.

Period: year ended December 31, 2022
Net income: net income attributable to common stockholders of $6.41 per diluted share
EPS: $6.41 per diluted share
Result: reported results

Exact text from the filing

Achieved net income attributable to common stockholders of $6.41 per diluted share, representing a 3.6% increase compared to the same period in the prior year (which prior period included a $140.8 million, or $1.00/share, gain on real estate transactions).

View on SEC.gov

Browse all earnings releases →

Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-004577

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.