Public Storage Reports Strong Earnings and Raises Guidance for 2025

Summary

Public Storage announced its financial results for the quarter and nine months ended September 30, 2025, reporting a net income of $2.62 per diluted share for Q3 2025, up from $2.16 per diluted share in Q3 2024. For the nine months, net income per diluted share was $6.42, down from $7.43 in the same period of 2024. The company also reported Core Funds from Operations (FFO) of $4.31 per diluted share for Q3 2025, up from $4.20 per diluted share in Q3 2024, and $12.71 per diluted share for the nine months, down from $12.46 per diluted share in the same period of 2024. Public Storage acquired 49 self-storage facilities with 3.4 million net rentable square feet for $511.4 million during Q3 2025 and raised its 2025 outlook for the second consecutive quarter.