---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004577"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:19:23.433587+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001628280-23-004577
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/0001628280-23-004577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/exr-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004577
- JSON: https://secwatch.observer/filing/0001628280-23-004577.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004577.txt

## Key facts
- Earnings Releases
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/0001628280-23-004577-index.htm
- Earnings Releases
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/0001628280-23-004577-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.