State Street Corp. Updates Passive Stake in Extra Space Storage
Ticker: EXR · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1289490
| Field | Detail |
|---|---|
| Company | Extra Space Storage INC. (EXR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, passive-investment
TL;DR
**State Street still owns Extra Space Storage shares, a good sign for stability.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Extra Space Storage Inc. (REIT) securities as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, stake in the self-storage real estate investment trust. For investors, this means a large institutional player maintains confidence in Extra Space Storage, which can be a positive signal for the stock's stability and long-term prospects.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, continues to hold a significant, passive stake in Extra Space Storage Inc., signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive institutional holding, posing minimal direct risk to investors.
Analyst Insight
Investors should view this as a confirmation of ongoing institutional interest in Extra Space Storage Inc., but it doesn't signal any immediate change in company strategy or stock performance. It's a routine update from a passive holder.
Key Numbers
- 30225T102 — CUSIP Number (identifies Extra Space Storage Inc.'s securities)
- 005-80029 — SEC File Number (identifies Extra Space Storage Inc.'s SEC registration)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Extra Space Storage Inc. (company) — the subject company whose securities are being reported
- REIT (company) — the title of the class of securities held by State Street Corporation
- 0000093751-24-000479 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in Extra Space Storage Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-30
- Extra Space Storage Inc. will continue to be viewed favorably by institutional investors due to its REIT structure and market position. (Extra Space Storage Inc.) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' and '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is Extra Space Storage Inc., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Extra Space Storage Inc.' and 'EXTRA SPACE STORAGE INC (NAME OF ISSUER)'.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement is 12/31/2023, as specified under '(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13D-1 (B), indicated by '(X) RULE 13D-1 (B)' in the 'CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Extra Space Storage Inc. (EXR).