---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-007741"
form_type: "8-K"
ticker: "EXR"
cik: "0001289490"
company_name: "Extra Space Storage Inc."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:26:56.423201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Extra Space Storage Q4 Core FFO $2.03 (+0.5% YoY); guides 2025 Core FFO $8.00-$8.30

## Summary
- Q4 net income $1.24/diluted share (+21.6% YoY); Core FFO $2.03/diluted share (+0.5%).
- Q4 same-store revenue -0.4%, NOI -3.5% YoY; occupancy 93.7% vs 92.5% a year ago.
- Full-year 2024 Core FFO $8.12/diluted share, up 0.2% YoY; net income $4.03/diluted share, down 15%.
- Initiated $1.0B commercial paper program; issued $300M 5.70% notes due 2028 (effective 4.74%).
- 2025 guidance: Core FFO $8.00-$8.30; same-store revenue -0.75% to +1.25%; NOI -3.0% to +0.25%.

## SEC filing metadata
- accession: 0001628280-25-007741
- form_type: 8-K
- ticker: EXR
- cik: 0001289490
- company_name: Extra Space Storage Inc.
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289490/000162828025007741/0001628280-25-007741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289490/000162828025007741/exr-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-007741
- JSON: https://secwatch.observer/filing/0001628280-25-007741.json
- Plain text: https://secwatch.observer/filing/0001628280-25-007741.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.