secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001628280-24-019360
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000162828024019360/0001628280-24-019360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000162828024019360/exr-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019360

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer