Company: PSA-PH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393311-25-000120
Chunk: 11

Company: Public Storage
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 11
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 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.

32

Selected Operating Data for the Same Store Facilities (2,565 facilities)

 Three Months Ended June 30,Six Months Ended June 30, 20252024Change (e)20252024Change (e) (Dollar amounts in thousands, except for per square foot data)Revenues (a):Rental income $913,422 $911,393 0.2%$1,815,124 $1,813,135 0.1%Late charges and administrative fees31,771 31,752 0.1%64,612 64,039 0.9%Total revenues945,193 943,145 0.2%1,879,736 1,877,174 0.1%Direct cost of operations (a):Property taxes95,668 91,651 4.4%193,520 185,449 4.4%On-site property manager payroll31,679 32,624 (2.9)%63,575 69,040 (7.9)%Repairs and maintenance 18,580 18,787 (1.1)%40,730 39,097 4.2%Utilities 10,437 10,409 0.3%24,919 23,872 4.4%Marketing19,132 18,222 5.0%41,000 42,472 (3.5)%Other direct property costs24,669 24,410 1.1%50,391 49,971 0.8%Total direct cost of operations200,165 196,103 2.1%414,135 409,901 1.0%Direct net operating income (b)745,028 747,042 (0.3)%1,465,601 1,467,273 (0.1)%Indirect cost of operations (a):Supervisory payroll(10,574)(10,010)5.6%(21,679)(20,782)4.3%Centralized management costs(15,479)(13,624)13.6%(30,837)(28,529)8.1%Share-based compensation(2,423)(2