---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007229"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:52:03.815578+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-007229
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2024-02-27T23:59:59+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/1289490/000162828024007229/0001628280-24-007229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000162828024007229/exr-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007229
- JSON: https://secwatch.observer/filing/0001628280-24-007229.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007229.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000162828024007229/0001628280-24-007229-index.htm

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