secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001628280-23-029991
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extra Space files Life Storage Q2 2023 financials and pro forma combined data post-merger
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- Life Storage Q2 2023 total revenue $277.6M (+8% YoY); net income $80.8M (-12% YoY); diluted EPS $0.94 vs $1.09.
- Dividends declared $1.20/share quarterly, up 20% from $1.00 in Q2 2022.
- As of June 30, 2023, Life Storage had $7.39B total assets, $654M drawn on credit line, $2.75B term notes.
- Extra Space pro forma combined financials for six months ended June 30, 2023 and year ended Dec. 31, 2022 filed.
- Merger completed July 20, 2023; Life Storage's credit facility repaid and terminated on that date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000162828023029991/0001628280-23-029991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000162828023029991/exr-20230818.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-029991

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