Public Storage Announces Fourth Quarter and Full Year 2024 Financial Results

Summary

Public Storage (NYSE: PSA) reported its financial results for the fourth quarter and full year ended December 31, 2024. The company reported net income allocable to common shareholders of $564.4 million for the quarter, or $3.21 per diluted share, compared to $389.7 million, or $2.21 per diluted share, in the same period of 2023. For the full year, net income allocable to common shareholders was $1.873 billion, or $10.64 per diluted share, down from $1.949 billion, or $11.06 per diluted share, in 2023. The company also announced a regular common quarterly dividend of $3.00 per share, payable on March 28, 2025. The full press release is included in Exhibit 99.1 to this 8-K report.