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Form 8-K · Current Report · Filed 2025-10-29

Public Storage Reports Strong Earnings and Raises Guidance for 2025

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.

Filer
PSA PSA
Filed
Accession
0001628280-25-047143
CIK
0001393311
Signal
High impact

Details

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.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat Raised Guidance
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$298.04

Next session

-5.8%

Since filing

+8.8%

Latest close

$324.17

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

Precedent

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