AI English summary of an SEC filing — figures as filed
Extra Space Storage EXRExtra Space Storage said that as of September 30, 2025, of 29 properties classified as held for sale, 27 had an estimated fair value, net of selling costs, less than the carrying value of the assets, and during the 3 and 9 months of 2025 it recorded estimated net losses of $105,128 and $108,887 (in thousands), respectively.
Key points
AI summaryExtra Space Storage said that as of September 30, 2025, of 29 properties classified as held for sale, 27 had an estimated fair value, net of selling costs, less than the carrying value of the assets, and during the 3 and 9 months of 2025 it recorded estimated net losses of $105,128 and $108,887 (in thousands), respectively.
The company cited increases of $32,063 and $78,672 (in thousands), respectively, from stores acquired in 2024 and during the 9 months of 2025 as primary factors in the increase in property rental revenues for the 3 and 9 months of 2025, with the increase partially offset by decreases of $5,882 and $15,601 due to property dispositions.
Extra Space Storage said that as of September 30, 2025, the total face value of debt was approximately $13,162,058 and the balance of bridge loans was $1,544,719 (in thousands), compared to approximately $11,827,208 and $1,032,244, respectively, as of September 30, 2024.
The company said that as of September 30, 2025, $540,000 (in thousands) was outstanding under the commercial paper program, which has a limit of $1,000,000, and no shares have been sold under its at the market equity program.
Key figures
Quarter ended September 30, 2025
- Revenue
- $858M
- Operating income
- $279M
- Net income
- $166M
- EPS
- $0.78
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Estimated net losses on properties held for sale
Extra Space Storage said that as of September 30, 2025, of 29 properties classified as held for sale, 27 had an estimated fair value, net of selling costs, less than the carrying value of the assets, and during the 3 and 9 months of 2025 it recorded estimated net losses of $105,128 and $108,887 (in thousands), respectively.
Source · Based on the MD&A text of the filing
Increase in rental revenues from acquisitions and dispositions
The company cited increases of $32,063 and $78,672 (in thousands), respectively, from stores acquired in 2024 and during the 9 months of 2025 as primary factors in the increase in property rental revenues for the 3 and 9 months of 2025, with the increase partially offset by decreases of $5,882 and $15,601 due to property dispositions.
Source · Based on the MD&A text of the filing
Total debt face value and bridge loan balance
Extra Space Storage said that as of September 30, 2025, the total face value of debt was approximately $13,162,058 and the balance of bridge loans was $1,544,719 (in thousands), compared to approximately $11,827,208 and $1,032,244, respectively, as of September 30, 2024.
Source · Based on the MD&A text of the filing
Commercial paper program and at the market equity program
The company said that as of September 30, 2025, $540,000 (in thousands) was outstanding under the commercial paper program, which has a limit of $1,000,000, and no shares have been sold under its at the market equity program.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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