Company: PSA-PH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393311-25-000120
Chunk: 28

Company: Public Storage
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 28
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17,833 17,268 3.3 %Sacramento20,511 20,711 (1.0)%3,514 3,446 2.0 %728 735 (1.0)%16,269 16,530 (1.6)%All other markets 333,224 335,113 (0.6)%79,303 76,715 3.4 %14,526 13,644 6.5 %239,395 244,754 (2.2)%Totals$1,879,736 $1,877,174 0.1 %$414,135 $409,901 1.0 %$57,516 $54,590 5.4 %$1,408,085 $1,412,683 (0.3)%

40

Acquired Facilities

The Acquired Facilities represent 211 facilities that we acquired in 2023, 2024, and 2025. As a result of the stabilization process and timing of when these facilities were acquired, year-over-year changes can be significant. The following table summarizes operating data with respect to the Acquired Facilities:

ACQUIRED FACILITIES Three Months Ended June 30,Six Months Ended June 30,20252024Change (a)20252024Change (a)($ amounts in  thousands, except for per square foot amounts)Revenues (b):2023 Acquisitions$48,070$45,963$2,107$95,528$91,113$4,4152024 Acquisitions4,710624,6489,719629,6572025 Acquisitions2,081—2,0812,731—2,731    Total revenues 54,86146,0258,836107,97891,17516,803Cost of operations (b): 2023 Acquisitions14,53113,73180029,37629,773(397)2024 Acquisitions1,7621211,6413,8121213,6912025 Acquisitions968—9681,431—1,431    Total cost of operations 17,26113,8523,40934,61929,8944,725Net operating income:2023 Acquisitions33,53932,2321,30766,15261,3404,8122024 Acquisitions2,948(