{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-014876","form_type":"8-K","ticker":"EXR","cik":"0001289490","company_name":"Extra Space Storage Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.286486+00:00","generated_at":"2026-06-16T02:51:50.672760+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Extra Space Storage Q1 FFO $2.02/diluted, same-store NOI +8.7% YoY; Life Storage merger on track","bullets":["Net income $1.46/diluted share (down 3.3% YoY); Core FFO $2.02/share (up 0.5% YoY).","Same-store revenue +7.4%, NOI +8.7%; occupancy 93.5% vs 94.3% a year ago.","Announced $12.7B all-stock merger with Life Storage (0.895 shares per LSI share), expected H2 2023.","Paid Q1 dividend $1.62/share, up 8% from prior quarter; $500M 5.7% notes due 2028 issued.","Invested $150M in SmartStop convertible preferred (8.35% rate); 2023 Core FFO guidance reaffirmed $8.30-$8.60."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-014876","json":"https://secwatch.observer/filing/0001628280-23-014876.json","markdown":"https://secwatch.observer/filing/0001628280-23-014876.md","text":"https://secwatch.observer/filing/0001628280-23-014876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289490/000162828023014876/0001628280-23-014876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289490/000162828023014876/exr-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:51:50.672760+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a09ddf7c81ccb8ca727c3e40c96432fa9b844c61","claim":"Extra Space Storage Inc. reported financial results for the three months ended March 31, 2023.","evidence_excerpt":"Extra Space Storage Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289490/000162828023014876/0001628280-23-014876-index.htm","confidence":0.4,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}