---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027254"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:24:01.003254+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EXR Q2 Core FFO $2.06 (-3.3% YoY); life storage merger closed; guidance cut

## Summary
- Core FFO $2.06/diluted share, down 3.3% YoY; net income $1.50/diluted share ($202.4M).
- Same-store revenue +2.7%, NOI +2.6%; occupancy 94.5% vs 95.8% a year ago.
- Completed $11.6B all-stock Life Storage merger on July 20, adding 3,500+ locations.
- Revised 2023 Core FFO guidance (excl. merger) to $8.15-$8.35 from $8.30-$8.60.
- Issued $450M 5.5% senior notes due 2030; S&P upgraded rating to BBB+ stable.

## SEC filing metadata
- accession: 0001628280-23-027254
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000162828023027254/0001628280-23-027254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000162828023027254/exr-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027254
- JSON: https://secwatch.observer/filing/0001628280-23-027254.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027254.txt

## Key facts
- Earnings Releases
  Extra Space Storage Inc. updated its three and six months ended June 30, 2023 guidance (reaffirmed).
  - Period: three and six months ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: Extra Space Storage Inc. Reports 2023 Second Quarter Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000162828023027254/0001628280-23-027254-index.htm

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