Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 31

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 31
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1%Developed in 202310.349.617.6%9.61——%Developed in 202410.17——%———%Expansions completed before 202318.4118.290.7%18.2917.892.2%Expansions completed in 2023 or 202420.1124.25(17.1)%24.2525.80(6.0)%Expansions in process23.6822.793.9%22.7925.50(10.6)% $18.14$18.73(3.2)%$18.73$18.75(0.1)%Number of facilities: Developed in 20191111—1111—Developed in 202033—33—Developed in 202166—66—Developed in 202288—88—Developed in 20231111—11—11Developed in 20247—7———Expansions completed before 20236464—6464—Expansions completed in 2023 or 20241717—1717—Expansions in process55—55— 132125712511411Net rentable square feet (in thousands):     Developed in 20191,0571,057—1,0571,057—Developed in 2020347347—347347—Developed in 2021 (d)76068179681681—Developed in 2022631631—631631—Developed in 20231,0981,098—1,098—1,098Developed in 2024668—668———Expansions completed before 20238,5048,465398,4658,361104Expansions completed in 2023 or 20242,2171,3328851,332797535Expansions in process523523—523524(1) 15,80514,1341,67114,13412,3981,736

43

 As of December 31, 2024Costs to develop (in thousands): Developed in 2019$150,387Developed in 202042,063Developed in 2021 (d)128,435Developed in 2022100,089Developed in 2023193,766Developed in 2024129,669Expansions completed before 202