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Form 8-K · Current Report · Filed 2025-02-24

Public Storage Announces Fourth Quarter and Full Year 2024 Financial Results

Public Storage (NYSE: PSA) reported its financial results for the fourth quarter and full year ended December 31, 2024.

Filer
PSA PSA
Filed
Accession
0001393311-25-000034
CIK
0001393311
Signal
Medium impact

Details

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.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$304.19

Next session

+1.4%

Since filing

+6.6%

Latest close

$324.17

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PSA reporting the same item, with the next session's move:

Exhibits (1)

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