Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 151

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 151
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 We did not incur any direct property damage in the affected areas. In response to the devastation, a “State of Emergency” has been declared for Los Angeles County and Ventura County, under which a temporary governmental pricing limitation is in place for our self-storage facilities located in these counties. These self-storage facilities generated approximately 10% of revenues earned by our Same Store Facilities in 2024. We anticipate a potentially significant negative impact on the revenue growth from these self-storage facilities, the extent of which depends largely on the duration of the State of Emergency order and other future actions by government authorities, among other factors.

F-35

PUBLIC STORAGESCHEDULE III - REAL ESTATEAND ACCUMULATED DEPRECIATION(Amounts in thousands, except number of properties)

Initial CostGross Carrying Amount At December 31, 2024DescriptionNo. ofFacilitiesNetRentableSquare Feet2024Encum-brancesLandBuildings &ImprovementsCostsSubsequentto AcquisitionLandBuildingsTotalAccumulatedDepreciationSelf-storage facilities by market:Los Angeles232 17,467 $248 $574,307 $1,111,245 $549,871 $579,775 $1,655,648 $2,235,423 $1,062,270 Dallas/Ft. Worth218 19,443 — 378,140 2,255,401 274,810 380,571 2,527,780 2,908,351 632,547 Houston166 13,963 — 273,784 912,051 336,695 273,106 1,249,424 1,522,530 476,974 Chicago143 9,309 — 156,554 519,539 207,680 159,391 724,382 883,773 476,306 San Francisco141 9,422 — 245,623 557,398 361,192 258,374 905,839 1,164,213 627,244 Washington DC119 8,470 — 423,176 1,329,933 227,094 438,682 1,541,521 1,980,203 567,893 Atlanta115 7,697 1,460 143,692 434,433 141,734 144,055 575,804 719,