---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-037374"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T13:50:18.642420+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-037374
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000162828023037374/0001628280-23-037374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000162828023037374/exr-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-037374
- JSON: https://secwatch.observer/filing/0001628280-23-037374.json
- Plain text: https://secwatch.observer/filing/0001628280-23-037374.txt

## Key facts
- Earnings Releases
  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
  source text: announced operating results for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000162828023037374/0001628280-23-037374-index.htm

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