Extra Space Storage Q3 Core FFO $2.07 (+2.5% YoY); narrows 2024 guidance upward

Extra Space Storage Inc.

2024-Q3 EPS reported $2.79 revenue$2,435,006,000

Net income $0.91/diluted share (-5.2% YoY) due to $51.8M Life Storage trade name impairment; Core FFO $2.07 (+2.5% YoY).
Same-store revenue -0.3%, same-store NOI -1.0%; occupancy 94.3% vs 93.7% a year ago.
Closed $400M 5.35% senior notes due 2035; Moody's revised credit outlook to positive from stable.
FY 2024 Core FFO guidance narrowed to $8.00-$8.15 from $7.95-$8.15; same-store revenue growth outlook improved.
Paid quarterly dividend of $1.62/share; acquired 10 operating stores and one C of O store for ~$163.9M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.