secwatch.observer — SEC 8-K summary
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Issuer:     Extra Space Storage Inc. (EXR)
CIK:        0001289490
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001628280-24-033498
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extra Space Q2 EPS $0.88 (-41% YoY) on $54.7M write-down; Core FFO $2.06 flat
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- Net income per diluted share $0.88, down 41.3% YoY; Core FFO per share $2.06, flat YoY.
- Same-store revenue +0.6%, same-store NOI -1.1%; ending occupancy 94.3% vs 94.0%.
- Loss of $54.7M on write-down of seven properties listed for sale.
- FY 2024 Core FFO guidance narrowed to $7.95-$8.15 (low end raised from $7.85).
- Paid quarterly dividend of $1.62/share; 75% fixed-rate debt, weighted avg rate 4.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289490/000162828024033498/0001628280-24-033498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289490/000162828024033498/exr-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033498

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