Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 8

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 8
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Segment Information,” for a reconciliation of the amounts in the tables below to our total net income.

29

Self-Storage Operations SummaryYear Ended December 31,Year Ended December 31, 20242023Percentage Change20232022Percentage Change (Dollar amounts and square footage in thousands)Revenues:Same Store Facilities$3,676,632 $3,703,331 (0.7)%$3,703,331 $3,533,149 4.8 %Acquired Facilities241,314 105,592 128.5 %105,592 14,945 606.5 %Newly Developed and Expanded Facilities225,845 208,235 8.5 %208,235 182,686 14.0 %Other Non-Same Store Facilities252,202 242,455 4.0 %242,455 215,248 12.6 %4,395,993 4,259,613 3.2 %4,259,613 3,946,028 7.9 %Cost of operations:Same Store Facilities895,283 874,715 2.4 %874,715 836,297 4.6 %Acquired Facilities81,583 39,833 104.8 %39,833 7,885 405.2 %Newly Developed and Expanded Facilities74,414 63,823 16.6 %63,823 54,411 17.3 %Other Non-Same Store Facilities85,440 83,579 2.2 %83,579 81,616 2.4 %1,136,720 1,061,950 7.0 %1,061,950 980,209 8.3 %Net operating income (a):Same Store Facilities2,781,349 2,828,616 (1.7)%2,828,616 2,696,852 4.9 %Acquired Facilities159,731 65,759 142.9 %65,759 7,060 831.4 %Newly Developed and Expanded Facilities151,431 144,412 4.9 %144,412 128,275 12.6 %Other Non-Same Store Facilities166,762 158,876 5.0 %