Company: PSA-PH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047163
Chunk: 7

Company: Public Storage
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 7
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— 0.02 — Gains on sale of real estate investments, including our equity share from investment— — — (0.01)FFO per share $4.33 $3.80 13.9 %$11.48 $12.34 (7.0)%Eliminate the per share impact of items excluded from Core FFO, including our equity share from investment:Foreign currency exchange (gain) loss$(0.01)$0.40 $1.20 $0.11 Unrealized gain on private equity investments(0.03)(0.01)(0.02)(0.03)Corporate transformation costs0.01 — 0.02 — Other items0.01 0.01 0.03 0.04 Core FFO per share $4.31 $4.20 2.6 %$12.71 $12.46 2.0 %Diluted weighted average common shares 175,884 175,866 175,916 176,074 

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Analysis of Net Income — Self-Storage Operations

Our self-storage operations are analyzed in four groups: (i) 2,565 facilities that we have owned and operated on a stabilized basis since January 1, 2023 (the “Same Store Facilities”), (ii) 260 facilities we acquired since January 1, 2023 (the “Acquired Facilities”), (iii) 103 facilities that have been newly developed or expanded, or that will commence expansion by December 31, 2025 (the “Newly Developed and Expanded Facilities”), and (iv) 224 other 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 September 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 OperationsSummaryThree Months Ended September 30,Nine Months Ended September 30,20252024Percentage Change20252024Percentage Change(Dollar amounts and square footage in thousands)Revenues:Same Store Facilities$948,925 $948,693 —