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AI brief of an SEC Form 8-K · Extra Space Storage (EXR)

Extra Space Storage Q4 Core FFO rises 0.5% to $2.03; same-store revenue falls 0.4%

Mixed Impact 3 of 5 earnings Written later

Extra Space Storage reported fourth-quarter 2024 results. Net income per diluted share rose 21.6% to $1.24, and Core FFO per diluted share rose 0.5% to $2.03, while same-store revenue fell 0.4% and same-store net operating income fell 3.5%. The company expects 2025 Core FFO of $8.00 to $8.30 per diluted share and says it expects a challenging but slowly improving operating environment.

Key points

  • Q4 2024 net income attributable to common stockholders was $1.24 per diluted share, up 21.6% from a year earlier.
  • Q4 2024 Core FFO was $2.03 per diluted share, up 0.5%; full-year 2024 Core FFO was $8.12, up 0.2%.
  • Same-store revenue fell 0.4% and same-store NOI fell 3.5% in Q4 2024; year-end same-store occupancy was 93.7%, up from 92.5%.
  • 2025 outlook: Core FFO of $8.00 to $8.30 per diluted share, with same-store revenue growth of (0.75)% to 1.25%.

The filing

CompanyExtra Space Storage (EXR)
Form8-K, current report
Filed with the SECFeb 25, 2025, 4:28 PM ET
Accession number0001628280-25-007741

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.