Company: PSA-PH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393311-25-000069
Chunk: 26

Company: Public Storage
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 26
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)%9,033 8,932 1.1 %Minneapolis/St. Paul13,672 13,351 2.4 %4,695 4,933 (4.8)%538 494 8.9 %8,439 7,924 6.5 %Sacramento10,195 10,377 (1.8)%1,823 1,696 7.5 %378 388 (2.6)%7,994 8,293 (3.6)%All other markets 165,300 166,733 (0.9)%40,873 39,746 2.8 %7,315 7,130 2.6 %117,112 119,857 (2.3)%Totals$934,543 $934,029 0.1 %$213,970 $213,798 0.1 %$29,040 $28,418 2.2 %$691,533 $691,813 — %

33

Acquired Facilities

The Acquired Facilities represent 195 facilities that we acquired in 2023, 2024, and 2025. As a result of the stabilization process and timing of when these facilities were acquired, year-over-year changes can be significant. The following table summarizes operating data with respect to the Acquired Facilities:

ACQUIRED FACILITIES Three Months Ended March 31,20252024Change (a)($ amounts in  thousands, except for per square foot amounts)Revenues (b):2023 Acquisitions$47,458$45,150$2,3082024 Acquisitions5,009—5,0092025 Acquisitions650—650    Total revenues 53,11745,1507,967Cost of operations (b): 2023 Acquisitions14,84516,042(1,197)2024 Acquisitions2,050—2,0502025 Acquisitions463—463    Total cost of operations 17,35816,0421,316Net operating income:2023 Acquisitions32,61329,1083,5052024 Acquisitions2,959—2,9592025 Acquisitions187—187    Net operating income 35,75929,1086,651Depreciation and amortization expense(50,265)(54,818)4,553