Extra Space Storage Q1 net income $1.01/diluted share; Core FFO $1.96, down 3% YoY

Extra Space Storage Inc.

2024-Q1 EPS reported $1.01 revenue$799,539,000

Net income attributable to common stockholders of $213.1M ($1.01 diluted EPS), down 30.8% YoY.
Core FFO of $1.96 per diluted share, a 3% YoY decrease; FFO was $1.87 per share.
Same-store revenue up 1.0% but same-store NOI down 0.5%; ending occupancy 93.2%, up from 92.7%.
Issued $600M of 5.4% senior unsecured notes due 2034; reestablished $800M ATM program.
Outlook reaffirmed: 2024 Core FFO $7.85-$8.15 per share; same assumptions as February.

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 0.85

Extra Space Storage Inc. reported financial results for three months ended March 31, 2024.

Period: three months ended March 31, 2024
Result: reported results

Exact text from the filing

On April 30, 2024, Extra Space Storage Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024.

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-019360

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