Company: PSA-PH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393311-25-000120
Chunk: 7

Company: Public Storage
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 7
---
 — Other items(143)2,211 915 3,365 Core FFO allocable to common shares$752,349 $744,893 1.0 %$1,476,946 $1,455,863 1.4 %Reconciliation of Diluted Earnings per Share to FFO per Share and Core FFO per Share:Diluted earnings per share$1.76 $2.66 (33.8)%$3.79 $5.26 (27.9)%Eliminate amounts per share excluded from FFO:Real estate-related depreciation and amortization1.68 1.64 3.34 3.29 Impairment write-down of real estate investments— — 0.02 — Gains on sale of real estate investments, including our equity share from investment— — — (0.01)FFO per share $3.44 $4.30 (20.0)%$7.15 $8.54 (16.3)%Eliminate the per share impact of items excluded from Core FFO, including our equity share from investment:Foreign currency exchange loss (gain) 0.82 (0.08)1.21 (0.29)Unrealized loss (gain) on private equity investments0.01 — 0.01 (0.01)Corporate transformation costs0.01 — 0.01 — Other items— 0.01 0.01 0.02 Core FFO per share $4.28 $4.23 1.2 %$8.39 $8.26 1.6 %Diluted weighted average common shares175,921 176,009 175,932 176,180 

29

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) 211 facilities we acquired since January 1, 2023 (the “Acquired Facilities”), (iii) 102 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) 225 other