Form 8-K · Current Report · Filed 2025-04-30
Public Storage Reports First Quarter 2025 Financial Results
Public Storage announced its financial results for the quarter ended March 31, 2025, reporting net income of $358.2 million or $2.04 per diluted share, a decrease from $459.2 million or $2.60 per diluted share in the same period of 2024.
- Filer
- PSA PSA
- Filed
- Accession
- 0001393311-25-000068
- CIK
- 0001393311
- Signal
- Low impact
- Source
- Official filing on sec.gov ↗
Details
Funds from Operations (FFO) were $3.71 per diluted common share, down from $4.24 in 2024. Core FFO was $4.12 per diluted common share, slightly up from $4.03 in 2024. The company highlighted operational stabilization, acquisitions of nine self-storage facilities for $141.0 million, and ongoing development projects. The CEO noted the company's resilience in a needs-based customer demand environment.
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$292.99
Next session
+2.4%
Since filing
+10.6%
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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