other material
confidence high
sentiment neutral
materiality 0.50
Extra Space files pro forma 2023 financials post-Life Storage merger: revenue $3.17B, net income $661M
Extra Space Storage Inc.
- Pro forma combined revenue of $3.17B for year ended Dec 31, 2023; net income attributable to common stockholders $661.3M.
- Pro forma diluted EPS of $3.11; basic EPS of $3.13; weighted average diluted shares 212.66M.
- Total merger consideration of $12.85B; former Life Storage holders received 0.895 EXR shares per share.
- Pro forma reflects asset acquisition accounting; no synergy benefits or cost savings are assumed.