Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 11

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 11
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 our U.S. consolidated self-storage portfolio at December 31, 2024. It includes various measures and detail that we do not include in the analysis of the developed, acquired, and other non-same store facilities, due to the relative magnitude and importance of the Same Store Facilities relative to our other self-storage facilities.

31

Selected Operating Data for the Same Store Facilities (2,507 facilities)

Year Ended December 31,Year Ended December 31, 20242023Change (e)20232022Change (e) (Dollar amounts in thousands, except for per square foot data)Revenues (a):Rental income $3,550,125 $3,577,609 (0.8)%$3,577,609 $3,419,212 4.6%Late charges and administrative fees126,507 125,722 0.6%125,722 113,937 10.3%Total revenues3,676,632 3,703,331 (0.7)%3,703,331 3,533,149 4.8%Direct cost of operations (a):Property taxes347,511 331,982 4.7%331,982 320,795 3.5%On-site property manager payroll132,493 137,162 (3.4)%137,162 133,248 2.9%Repairs and maintenance 75,354 69,151 9.0%69,151 65,071 6.3%Utilities 47,643 49,580 (3.9)%49,580 50,606 (2.0)%Marketing84,936 75,080 13.1%75,080 52,540 42.9%Other direct property costs101,104 98,054 3.1%98,054 90,081 8.9%Total direct cost of operations789,041 761,009 3.7%761,009 712,341 6.8%Direct net operating income (b)2,887,591 2,942,322 (1.9)%2,942,322 2,820,808 4.3%Indirect cost of operations (a):Supervisory payroll(40,568)(41,444)(2.1)%(41,444)(44,091)(6.0)%Central