secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001628280-23-004577
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/0001628280-23-004577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000162828023004577/exr-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004577

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