Company: PSA-PH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393311-25-000120
Chunk: 8

Company: Public Storage
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 8
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 facilities, which are otherwise not stabilized with respect to occupancies or rental rates since January 1, 2023 (the “Other Non-Same Store Facilities”). The Acquired Facilities, Newly Developed and Expanded Facilities, and Other Non-Same Store Facilities are collectively referred to as the “Non-Same Store Facilities”. See Note 14 to our June 30, 2025 consolidated financial statements “Segment Information,” for a reconciliation of the amounts in the tables below to our total net income.

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Self-Storage Operations SummaryThree Months Ended June 30,Six Months Ended June 30, 20252024Percentage Change20252024Percentage Change (Dollar amounts and square footage in thousands)Revenues:Same Store Facilities$945,193 $943,145 0.2 %$1,879,736 $1,877,174 0.1 %Acquired Facilities54,861 46,025 19.2 %107,978 91,175 18.4 %Newly Developed and Expanded Facilities44,369 38,628 14.9 %86,873 75,450 15.1 %Other Non-Same Store Facilities74,235 71,938 3.2 %147,069 141,982 3.6 %1,118,658 1,099,736 1.7 %2,221,656 2,185,781 1.6 %Cost of operations:Same Store Facilities228,641 222,275 2.9 %471,651 464,491 1.5 %Acquired Facilities17,261 13,852 24.6 %34,619 29,894 15.8 %Newly Developed and Expanded Facilities13,762 12,330 11.6 %28,031 25,032 12.0 %Other Non-Same Store Facilities25,053 25,044 — %51,570 51,498 0.1 %284,717 273,501 4.1 %585,871 570,915 2.6 %Net operating income (a):Same Store Facilities716,552 720,870 (0.6)%1,408,085 1,412,683 (0.3)%Acquired Facilities37,600 32,173 16.