Every 8-K that Extra Space Storage, Inc. (EXR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EXR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EXR filings page.
Extra Space Storage Inc. (EXR) announced a planned CEO transition. Chief Executive Officer Joseph D. Margolis will retire effective December 31, 2026, and President W. Noah Springer will become CEO and join the board on January 1, 2027. Margolis will then serve as an adviser to the board.
Springer, age 47, has been with the company since 2006 and became President in January 2026 after serving as Executive Vice President, Chief Strategy and Partnership Officer. His annual base salary as CEO will be $850,000, and he will continue to be eligible for bonuses and equity awards under the executive compensation program.
Under Margolis’s leadership, Extra Space expanded from ~100 million to more than 340 million rentable square feet, grew store count from 1,400 to more than 4,400 locations, increased market capitalization from approximately $9 billion to $30 billion, and more than tripled annual revenue from $1.1 billion to $3.5 billion.
Extra Space Storage Inc. reported solid 2026 second-quarter results, with net income attributable to common stockholders of $1.25 per diluted share, a 5.9% increase from a year earlier. FFO was $2.07 per diluted share and Core FFO was $2.15, up 4.9%. Same-store revenue rose 2.4% and same-store operating expenses declined 0.5%, driving a 3.5% increase in same-store NOI; ending same-store occupancy was 94.2%. For the first half of 2026, diluted EPS was $2.39, down 2.5% due to a prior-year gain on real estate sales, while Core FFO per share increased 3.5% to $4.19.
The company continued to expand, purchasing 18 operating stores and a joint-venture buyout for $103.2 million year-to-date, completing one developed store with a total cost of about $15.1 million, and originating $146.1 million in mortgage and mezzanine bridge loans. As of June 30, 2026, it managed 2,373 stores for itself, joint ventures and third parties, and had approximately $1.5 billion of bridge loans outstanding. The balance sheet showed total assets of $29.66 billion, a combined weighted average debt interest rate of 4.3%, and an effective fixed-rate debt mix of 88.4%. The company priced $550.0 million of 4.90% unsecured senior notes due 2032, maintained $800.0 million of remaining ATM equity capacity, and retained $349.0 million of share repurchase authorization. A quarterly dividend of $1.62 per share was paid on June 30, 2026.
Management raised 2026 Core FFO guidance to a range of $8.25–$8.40 per diluted share from $8.05–$8.35, reflecting expectations for same-store revenue growth of 1.0–2.0%, same-store expense growth of 1.0–2.0%, and same-store NOI growth of 0.5–2.5% across a 1,870-store pool. The outlook also assumes net tenant reinsurance income of $294–296 million, management fees and other income of $139–140 million, interest income of $153–154 million (including bridge loans), acquisitions of about $300 million, average retained bridge loan balances of $1.475 billion, interest expense of $595–598 million, and a weighted average diluted share count of 221 million.
Extra Space Storage LP, a subsidiary of Extra Space Storage Inc., completed an underwritten public offering of $550,000,000 aggregate principal amount of its 4.900% senior notes due February 1, 2032.
The notes are senior unsecured obligations, fully and unconditionally guaranteed by Extra Space Storage Inc. and two affiliated business trusts. They were issued under an existing indenture and a sixteenth supplemental indenture that add restrictive covenants, including limits on additional indebtedness and a requirement to maintain a pool of unencumbered assets. The notes priced at 99.702% of principal, bear 4.900% annual interest, and pay interest semiannually on February 1 and August 1, beginning February 1, 2027. The notes were sold off an effective shelf registration statement using a base prospectus and a June 24, 2026 prospectus supplement.
Extra Space Storage LP, the operating partnership of Extra Space Storage Inc., is issuing $550 million of 4.900% senior notes due 2032 in an underwritten public offering. The notes were priced at 99.702% of principal and will mature on February 1, 2032, with full and unconditional guarantees from Extra Space and certain subsidiaries.
The company plans to use the net proceeds mainly to repay borrowings under its lines of credit and commercial paper program, and for other general corporate and working capital purposes, including potential acquisitions. The offering is expected to close on or about July 6, 2026, subject to customary closing conditions, under an effective shelf registration statement.
Extra Space Storage Inc. held its 2026 annual stockholder meeting on May 14, 2026. Stockholders elected 10 directors to serve until the 2027 annual meeting, with each nominee receiving over 184 million votes in favor, including 190,559,989 votes for CEO Joseph D. Margolis and 190,524,767 votes for Joseph V. Saffire.
Stockholders also ratified the Audit Committee’s selection of Ernst & Young LLP as the independent registered public accounting firm for 2026, with 189,315,222 votes for and 10,151,639 against. In an advisory vote, stockholders approved the compensation of the company’s named executive officers, with 176,329,146 votes for, 12,764,521 against, and 2,033,423 abstentions.
Extra Space Storage Inc. reported first quarter 2026 results showing lower GAAP earnings but modest growth in recurring cash flow. Net income attributable to common stockholders was $240.98 million, or $1.14 per diluted share, down 10.9% from a prior-year quarter that included a gain on real estate asset sales.
The company generated FFO of $1.97 per diluted share and Core FFO of $2.04, with Core FFO up 2.0% year over year. Same-store revenue increased 1.7% and same-store NOI rose 1.2%, with ending same-store occupancy of 93.0%. Extra Space invested in one acquisition and joint venture development totaling about $26.9 million, originated $5.5 million in bridge loans, and managed 2,324 stores. It paid a quarterly dividend of $1.62 per share and reaffirmed its 2026 Core FFO outlook of $8.05–$8.35 per share.
Extra Space Storage Inc. reported higher earnings for 2025 while showing mostly flat same-store performance. For the fourth quarter, net income attributable to common stockholders was $1.36 per diluted share, up 9.7% year over year, and Core FFO was $2.08 per diluted share, up 2.5%.
For the full year, net income rose to $4.59 per diluted share, a 13.9% increase, while Core FFO reached $8.21 per share, up 1.1%. Same-store revenue grew 0.1% for the year and same-store NOI declined 1.7%, with year-end same-store occupancy at 92.6% versus 93.3% a year earlier.
The company remained active on capital deployment, acquiring 41 operating stores for $483.6 million and buying out joint venture partners’ interests in 28 properties for $342.2 million. It also repurchased 1,158,244 shares for $149.5 million and paid a quarterly dividend of $1.62 per share. For 2026, management guides to Core FFO of $8.05–$8.35 per share and same-store NOI growth between a decline of 2.25% and an increase of 1.25%.
Extra Space Storage Inc. appointed Noah Springer as President, effective January 5, 2026. He was previously Executive Vice President, Chief Strategy and Partnership Officer and will now also oversee the company’s operations function.
Springer has been with the company since 2006 in roles of increasing responsibility and helped build its Management Plus third-party management platform, which now includes over 1,800 locations, described as the storage sector’s largest such platform. He will continue to receive an annual base salary and remain eligible for bonuses, equity awards and other executive benefits under the existing compensation program.
Extra Space Storage Inc. furnished a Form 8-K noting it issued a press release with financial results for the three and nine months ended September 30, 2025.
The press release is included as Exhibit 99.1, and the company states the information is being furnished and not deemed “filed” under Section 18 of the Exchange Act. The cover page Inline XBRL data is identified as Exhibit 104.
Extra Space Storage, Inc. disclosed key terms of a Credit Agreement for its Operating Partnership that set specific leverage and coverage requirements and identify participating lenders and sales agents. The agreement requires total indebtedness to asset value not to exceed 60% (up to 65% temporarily after a material acquisition); secured debt to asset value not to exceed 40%; adjusted EBITDA to fixed charges of at least 1.50x; and unsecured debt to unencumbered asset value not to exceed 60% (up to 65% temporarily after a material acquisition).
The Credit Agreement contains standard events of default including payment defaults, covenant breaches, cross-defaults and bankruptcy defaults, and allows acceleration of all outstanding amounts if a default persists. The filing also identifies multiple banks and securities firms as lenders and equity sales agents, and notes that the full Credit Agreement is filed as an exhibit and governs the complete terms.
Extra Space Storage LP, a subsidiary of Extra Space Storage Inc., completed an underwritten public offering of $800,000,000 aggregate principal amount of 4.950% Senior Notes due January 15, 2033. The Notes are the Issuer's senior unsecured obligations and are fully and unconditionally guaranteed by the Company, ESS Holdings Business Trust I and ESS Holdings Business Trust II.
The public offering price was 99.739% of principal. Interest accrues at 4.950% per annum, payable each January 15 and July 15 beginning January 15, 2026. The Notes rank equally with other senior unsecured indebtedness but are effectively subordinated to mortgage and other secured indebtedness and to indebtedness of the Issuer's subsidiaries and equity-method entities. The Indenture includes covenants limiting additional indebtedness and requiring a pool of unencumbered assets, and permits issuer redemptions with a make-whole premium (100% redemption price applies on or after November 15, 2032). The Indenture, supplemental indenture, form of Notes and legal opinions are filed as exhibits.