Summary
Extra Space Storage Inc. (EXR) filed an 8-K on August 18, 2023, primarily to provide crucial financial information related to its previously completed merger with Life Storage, Inc. The filing includes the unaudited consolidated financial statements of Life Storage as of June 30, 2023, and for the three and six-month periods ended June 30, 2023, and 2022. This is important for investors to understand the standalone financial health and performance of the acquired entity prior to the merger. Furthermore, the report presents unaudited pro forma condensed combined financial information for Extra Space Storage, reflecting the anticipated financial impact of the merger. This pro forma data, available as of June 30, 2023, and for the six months ended that date, as well as for the full year 2022, allows investors to gauge the combined entity's potential financial position and operational outlook. The inclusion of these statements is a necessary step to facilitate future SEC filings, offering transparency into the combined business.
Key Highlights
- 1Filing provides unaudited consolidated financial statements for Life Storage, Inc. as of June 30, 2023, and for the periods ending June 30, 2023, and 2022.
- 2Unaudited pro forma condensed combined financial information for Extra Space Storage, Inc., reflecting the merger with Life Storage, is included.
- 3Pro forma data covers the six months ended June 30, 2023, and the full year ended December 31, 2022.
- 4The purpose of the filing is to incorporate these financial statements by reference into future SEC filings.
- 5This 8-K follows the previously disclosed completion of the merger between Extra Space Storage and Life Storage on July 20, 2023.
- 6Investors can now review the standalone financials of Life Storage and the combined pro forma impact of the merger.