Summary
Extra Space Storage Inc. (EXR) filed an 8-K on February 20, 2019, to announce its financial results for the fourth quarter and full year ended December 31, 2018. The key information provided is through a press release, which is furnished as an exhibit to this filing. Investors should note that this information is furnished and not deemed 'filed,' meaning it does not carry the same liabilities under Section 18 of the Securities Exchange Act of 1934. The press release itself contains the detailed financial and operational performance data that investors should review for a comprehensive understanding of the company's recent results.
Key Highlights
- 1The 8-K filing announces Extra Space Storage Inc.'s financial results for the period ending December 31, 2018.
- 2The financial results are presented in a press release, furnished as Exhibit 99.1.
- 3This filing utilizes the furnished information clause, meaning the press release is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.
- 4Investors should refer to the press release (Exhibit 99.1) for specific details on financial performance and operational metrics for Q4 and the full year 2018.
- 5The company is identified as an Emerging Growth Company, but has not elected to use the extended transition period for new accounting standards.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce and provide access to Extra Space Storage Inc.'s financial results for the fourth quarter and full year ended December 31, 2018, through an accompanying press release.
The detailed financial results are contained within the press release dated February 20, 2019, which is furnished as Exhibit 99.1 to this 8-K filing.
When information is 'furnished' under an 8-K (as opposed to 'filed'), it means the company is providing the information to the SEC but is not subject to the same level of liability under Section 18 of the Securities Exchange Act of 1934. This is a common practice for earnings press releases to avoid unintended incorporation by reference into registration statements.
The filing indicates that Extra Space Storage Inc. is an Emerging Growth Company. However, it has elected *not* to use the extended transition period for complying with new or revised financial accounting standards, meaning it will adopt them according to the standard deadlines.