Public Storage

PSA Real Estate Reit Industrial

Public Storage’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 2.74% from fiscal 2024.

Revenue
+11.6%
EPS
−21.9%
Free cash flow
−19.3%
Total debt
+21.4%

Quarter to September 2026, against a year earlier

337.57 2.93 −0.86%
Market cap
$63.6B
P/E
34.1×
Fwd P/E
34.1×
Dividend yield
3.54%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Public Storage 10-Q filed Oct 29, 2025

Fiscal Q3 2025 · Period ended Sep 30, 2025 · Filed · accepted 4:41 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2025: 4 added · 5 removed · 39 modified; 27 with only figures updated; 1 moved without change

  1. Modified · Overview

    During the three and six months ended June 30, 2025, revenues generated by our Same Store Facilities Revenues generated by our Same Store Facilities remained relatively unchanged for three months ended September 30, 2025 and increased by 0.20.1% ($2.02.8 million) and 0.1% ($2.6 million)for the nine months ended September 30, respectively2025, as compared to the same periods in 2024, while . Cost of operations for Same Store Facilities cost of operations increased by 2.9% ($6.4 million) remained relatively unchanged for the three months ended September 30, 2025 and 1.5increased by 1.0% ($7.2 million) for the nine months ended September 30, respectively2025 as compared to the same periods in 2024. For each of the three and sixnine months ended JuneSeptember 30, 2025, realized annual rent per occupied square foot for our Same Store Facilities increased by 0.6%, while average occupancy decreased by 0.40.5%, as compared to the same periodperiods in 2024.