Extra Space Storage Q4 Core FFO $2.02/sh, down 3.3% YoY; FY24 guidance $7.85-$8.15

Extra Space Storage Inc.

2023-FY EPS reported $4.74 revenue$2,560,244,000

Q4 net income $1.02 per diluted share, down 32.9% YoY; Core FFO $2.02 per share, down 3.3%.
Same-store revenue +0.8%, NOI -0.1%; occupancy 93.0% vs 94.1% prior year.
Closed $11.6B Life Storage merger in July 2023, adding 1,200+ stores; integration costs $30.6M in Q4.
FY2024 Core FFO guidance $7.85-$8.15; EXR legacy same-store NOI growth -4.25% to -0.50%.
Issued $600M 5.9% notes due 2031 and $600M 5.4% notes due 2034 subsequent to Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Extra Space Storage Inc. reported financial results for three months and year ended December 31, 2023.

Period: three months and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Extra Space Storage Inc. (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2023.

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-007229

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