Extra Space Storage Q3 EPS $0.96 (-41.8%); completes $11.6B Life Storage merger

Extra Space Storage Inc.

2023-Q3 EPS reported $3.78 revenue$1,762,470,000

Core FFO $2.02 per share, down 8.6% YoY; same-store revenue +1.9%, same-store NOI +0.7%.
Life Storage merger closed July 20, 2023, adding 1,200+ stores for $11.6B in all-stock transaction.
S&P upgraded ratings to BBB+ stable after exchange of $2.35B in Life Storage senior notes.
Updated 2023 Core FFO guidance to $8.05-$8.20 (prior $8.00-$8.25) on 179M diluted shares.
Q3 dividends totaled $1.62/share including pre-merger special dividend; paid September 29, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Extra Space Storage Inc. reported financial results for for the three and nine months ended September 30, 2023.

Period: for the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

announced operating results for the three and nine months ended September 30, 2023.

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-037374

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