Highest-materiality recent filing
Extra Space CEO Margolis to retire Dec 31; President Springer to become CEO Jan 1, 2027
Joseph Margolis retires as CEO effective Dec 31, 2026; remains as advisor to the board.
Extra Space Storage Q2 Core FFO $2.15, up 4.9% YoY; raises 2026 guidance
Core FFO per diluted share $2.15 vs $2.05 YoY; net income $1.25 per share, up 5.9%.
Extra Space Storage LP issues $550M 4.900% Senior Notes due 2032
Issued $550M aggregate principal of 4.900% Senior Notes due Feb 1, 2032.
Extra Space Storage prices $550M of 4.900% senior notes due 2032
$550M aggregate principal of 4.900% senior notes due February 1, 2032, priced at 99.702%.
All 10 director nominees elected; Joseph Margolis received highest votes (190.6M for, 533.7K against).
Extra Space Storage Q1 2026 Core FFO $2.04 (+2% YoY); same-store revenue +1.7%
Net income of $1.14 diluted EPS (down 10.9% YoY); Core FFO of $2.04 per diluted share (up 2.0% YoY).
Extra Space Storage Q4 net income $1.36/sh (+9.7% YoY); Core FFO $2.08/sh (+2.5%)
Q4 net income attributable to common stockholders of $287.4M ($1.36 diluted EPS), up 9.7% YoY.
Extra Space Storage promotes Noah Springer to President effective January 5, 2026
Noah Springer, formerly EVP Chief Strategy & Partnership Officer, becomes President.
Extra Space Storage Q3 net income down 14.3%; Core FFO up 0.5%; guidance raised
Q3 net income per share $0.78 (-14.3% YoY); Core FFO $2.08 (+0.5% YoY).
Extra Space Storage enters $4.5B credit agreement; revolver upsized to $3B, maturity 2029
New $4.5B unsecured facility: $3.0B revolver due 2029, three term loans totaling $1.5B due 2026, 2028, 2029.
Extra Space Storage LP issues $800M of 4.950% Senior Notes due 2033
Issued $800M aggregate principal amount of 4.950% Senior Notes due 2033 at 99.739% of par.
Extra Space Storage LP prices $800M of 4.950% senior notes due 2033
$800M aggregate principal amount of 4.950% senior notes, maturity January 15, 2033.
Extra Space Storage updates tax disclosure in registration statement; no financial impact
Filed updated U.S. federal income tax consequences discussion superseding the April 15, 2024 prospectus disclosure.
EXR Q2 net income $1.18/share (+34% YoY); Core FFO $2.05 (-0.5%); same-store NOI down 3.1%
Net income $249.7M, diluted EPS $1.18 vs $0.88 YoY; Core FFO $454.9M ($2.05/share).
EXR stockholders approve amended 2015 incentive plan, elect all 10 director nominees
Proposal 4 (Amended 2015 Plan) approved: 175.7M for, 7.4M against, 0.3M abstain, 10.3M broker non-votes.
CFO P. Scott Stubbs to retire Dec 2025; Jeff Norman to become CFO July 1
CFO P. Scott Stubbs will retire on December 31, 2025, after 25 years at Extra Space Storage.
Extra Space Storage Q1 2025 EPS $1.28, Core FFO $2.00; same-store revenue up 0.3%
Net income $270.9M ($1.28 diluted EPS), up 26.7% YoY; Core FFO $2.00/share, up 2.0% YoY.
Extra Space Storage LP issues $500M of 5.400% Senior Notes due 2035
Issued $500M aggregate principal amount of 5.400% Senior Notes due June 15, 2035.
Extra Space Storage prices $500M of 5.400% senior notes due 2035
$500M aggregate principal, 5.400% coupon, priced at 99.830% of par.
Extra Space Storage Q4 Core FFO $2.03 (+0.5% YoY); guides 2025 Core FFO $8.00-$8.30
Q4 net income $1.24/diluted share (+21.6% YoY); Core FFO $2.03/diluted share (+0.5%).
Extra Space Storage LP prices $350M add-on of 5.500% senior notes due 2030
Offering of $350M additional 5.500% senior notes priced at 101.509% of principal; maturity July 1, 2030.
Extra Space Storage prices $300M add-on of 5.700% notes due 2028
Extra Space Storage LP priced $300M additional 5.700% senior notes due April 1, 2028 at 102.857% of par.
Extra Space Storage Q3 Core FFO $2.07 (+2.5% YoY); narrows 2024 guidance upward
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).
Extra Space Storage changes transfer agent to Broadridge effective Oct 18, 2024
Transfer agent changed from Equiniti Trust Company (formerly American Stock Transfer) to Broadridge Corporate Issuer Solutions.
Extra Space Storage LP issues $400M of 5.350% Senior Notes due 2035
Issued $400M aggregate principal amount of 5.350% Senior Notes due January 15, 2035.
Extra Space Storage prices $400M of 5.350% senior notes due 2035
Issued $400M aggregate principal amount of 5.350% senior notes due January 15, 2035.
Extra Space Q2 EPS $0.88 (-41% YoY) on $54.7M write-down; Core FFO $2.06 flat
Net income per diluted share $0.88, down 41.3% YoY; Core FFO per share $2.06, flat YoY.
All 10 director nominees elected; Kenneth Woolley received 183.95M for, 4.77M against.
Extra Space Storage Q1 net income $1.01/diluted share; Core FFO $1.96, down 3% YoY
Net income attributable to common stockholders of $213.1M ($1.01 diluted EPS), down 30.8% YoY.
Extra Space Storage files $800M equity distribution agreement for at-the-market stock sales
Up to $800M of common stock may be sold through agents including BMO, BofA, Citi, Jefferies, JPMorgan, Regions, TD, Truist, and Wells Fargo.
Pro forma combined revenue of $3.17B for year ended Dec 31, 2023; net income attributable to common stockholders $661.3M.
Extra Space Storage Q4 Core FFO $2.02/sh, down 3.3% YoY; FY24 guidance $7.85-$8.15
Q4 net income $1.02 per diluted share, down 32.9% YoY; Core FFO $2.02 per share, down 3.3%.
Extra Space Storage LP issues $600M of 5.40% Senior Notes due 2034
$600M aggregate principal of 5.400% Senior Notes due February 1, 2034, issued at 99.745% of par.
Extra Space Storage LP prices $600M of 5.400% senior notes due 2034
$600M aggregate principal at 99.745% of par; notes mature February 1, 2034.
Extra Space Storage CEO terminates 10b5-1 trading plan; 5,000 shares sold under plan
CEO Joseph D. Margolis terminated his 10b5-1 trading plan on Dec. 18, 2023.
Extra Space Storage LP issues $600M of 5.900% Senior Notes due 2031
Aggregate principal $600M, interest 5.900% per annum, maturity Jan 15, 2031.
Extra Space Storage prices $600M of 5.900% senior notes due 2031
Notes priced at 99.712% of par, mature January 15, 2031, closing expected December 1, 2023.
Extra Space Storage Q3 EPS $0.96 (-41.8%); completes $11.6B Life Storage merger
Core FFO $2.02 per share, down 8.6% YoY; same-store revenue +1.9%, same-store NOI +0.7%.
Extra Space files Life Storage Q2 2023 financials and pro forma combined data post-merger
Life Storage Q2 2023 total revenue $277.6M (+8% YoY); net income $80.8M (-12% YoY); diluted EPS $0.94 vs $1.09.
EXR Q2 Core FFO $2.06 (-3.3% YoY); life storage merger closed; guidance cut
Core FFO $2.06/diluted share, down 3.3% YoY; net income $1.50/diluted share ($202.4M).
Extra Space Storage completes ~$2.35B exchange of Life Storage notes for new Extra Space OP notes
Exchanged $582.6M of LSI 3.500% 2026 notes for new Extra Space OP 3.500% 2026 notes.
Extra Space Storage closes Life Storage merger, creating largest U.S. storage operator with ~$46B EV
Life Storage shareholders receive 0.895 EXR shares per share; Merger closed July 20, 2023.
Extra Space and Life Storage stockholders approve merger; closing expected July 20
Extra Space holders: >99.9% of votes cast (~90.3% of outstanding) in favor.
Extra Space & Life Storage issue supplemental proxy disclosures in response to shareholder lawsuits
Five shareholder lawsuits filed in S.D.N.Y. allege proxy statement omitted material info about the merger.
Extra Space Storage LP enters into $4.865B amended credit facility
Aggregate borrowings of $4.865B: $1.94B revolving facility due June 20, 2027, and seven term loans from $175M to $1.0B with maturities through 2029.
Extra Space reports 93-99% early tender in Life Storage note exchange; extends premium to all
As of June 16, 97.06% of 2026 notes ($582M), 97.23% of 2027 notes ($438M), 93.59% of 2029 notes ($328M), 99.23% of 2030 notes ($397M), 99.96% of 2031 notes ($600M) tendered.
Extra Space Storage LP issues $450M of 5.5% Senior Notes due 2030
$450M aggregate principal of 5.500% Senior Notes due 2030 issued on June 16, 2023.
Extra Space Storage LP prices $450M of 5.500% senior notes due 2030
Notes priced at 98.878% of principal, mature July 1, 2030.
Extra Space files pro forma financials for $14.7B Life Storage merger; expected H2 2023 close
Merger consideration $14.7B: $11.4B in Extra Space equity plus $3.1B debt assumption and $161M transaction costs.
All 10 director nominees elected with at least 114.2M votes for each; Kenneth Woolley received most against votes (2.5M).
The Company also announced that, in connection with Mr. Margolis’ planned retirement, the Company’s board of directors selected W. Noah Springer, the Company’s current President, to succeed Mr. Margolis as Chief Executive Officer.
Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027.
On August 24, 2026, Extra Space Storage Inc. (the “Company”) announced that Joseph D. Margolis, the Company’s Chief Executive Officer, will retire effective as of December 31, 2026.
The Company also announced that, in connection with Mr. Stubbs’ planned retirement, the Company’s board of directors selected Jeff Norman, the Company’s current Senior Vice President of Capital Markets and Treasury, to succeed Mr. Stubbs as Executive Vice President, Chief Financial Officer.
On May 19, 2025, Extra Space Storage Inc. (the “Company”) announced that P. Scott Stubbs, the Company’s Executive Vice President and Chief Financial Officer, will retire effective as of December 31, 2025.
Extra Space increased the size of its board of directors from ten members to thirteen members and appointed Joseph V. Saffire, Mark G. Barberio and Susan Harnett to the Extra Space board of directors
Extra Space increased the size of its board of directors from ten members to thirteen members and appointed Joseph V. Saffire, Mark G. Barberio and Susan Harnett to the Extra Space board of directors
Extra Space increased the size of its board of directors from ten members to thirteen members and appointed Joseph V. Saffire, Mark G. Barberio and Susan Harnett to the Extra Space board of directors
On September 15, 2022, the board of directors of Extra Space Storage Inc. (the “Company”) appointed Jefferson Shreve to the board, effective immediately, in connection with the Company’s acquisition of various entities doing business as Storage Express (“Storage Express”) for approximately $590.0 million (the “Acquisition”).
Max materiality 0.90 · Median 0.55 · Most common event debt