Company: PSA-PH
Filing Date: 2025-12-08
Form Type: 8-K
Source: 0001628280-25-055820
Chunk: 1

Company: Public Storage
Filing Date: 2025-12-08
Form: 8-K
Item: Item 8.01
Chunk 1
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 revenues.

(a) The Same Store Facilities consist of 2,565 facilities (175.3 million net rentable square feet) that have been owned and operated on a stabilized basis since January 1, 2023.

(b) Annual contract rent represents the agreed upon monthly rate that is paid by the Company’s tenants in place at the time of measurement. Contract rates are initially set in the lease agreement upon move-in and the Company adjusts them from time to time with notice. Contract rent excludes other fees that are charged on a per-item basis, such as late charges and administrative fees, does not reflect the impact of promotional discounts, and does not reflect the impact of rents that are written off as uncollectible.

As of December 8, 2025 we acquired or were under contract to acquire 88 self-storage facilities with 6.1 million net rentable square feet for $949.4 million since the beginning of the year.

Forward-Looking Statements

This Current Report on Form 8-K, including the sections of the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2025 filed with the Securities and Exchange Commission (the “ SEC”) on October 29, 2025 that are referenced herein, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this Form 8-K, other than statements of historical fact, are forward-looking statements, which may be identified by the use of the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause actual events to be materially different from those expressed or implied in the forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, “ Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2024 filed with the SEC on February 24, 2025 and in the Company’s other filings with the SEC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                              PUBLIC STORAGE                                                                     
                              By:                 /s/ H. Thomas Boyle                                            
  Date: December