Public Storage Stock Price, News & Analysis

Public Storage (NYSE:PSA), a leading S&P 500 REIT, has scheduled its second quarter 2025 earnings release for July 30, 2025 after market close, followed by a conference call on July 31, 2025 at 9:00 a.m. PT.

As of March 31, 2025, Public Storage operates 3,399 self-storage facilities across 40 U.S. states, encompassing approximately 247 million net rentable square feet. Additionally, the company holds a 35% equity stake in Shurgard Self Storage Limited, which manages 318 facilities with 18 million net rentable square feet across seven Western European nations.

Public Storage (NYSE:PSA) has announced that its subsidiary, Public Storage Operating Company (PSOC), has priced a $875 million public offering of senior notes in two tranches. The first tranche consists of $475 million of 4.375% senior notes due 2030, while the second tranche comprises $400 million of 5.000% senior notes due 2035.

The notes, which carry a weighted average interest rate of approximately 4.661%, will be guaranteed by Public Storage. The offering is expected to close on June 30, 2025. PSOC plans to use the proceeds to repay its $400 million floating rate senior notes due 2025 and for general corporate purposes, including self-storage facility acquisitions and debt repayment.

Public Storage (NYSE:PSA) has announced its second quarter 2025 dividend distributions. The company declared a regular quarterly common dividend of $3.00 per common share, along with dividends for various series of preferred shares. All dividends will be payable on June 27, 2025, to shareholders of record as of June 12, 2025.

As of March 31, 2025, Public Storage, an S&P 500 REIT member, operates 3,399 self-storage facilities across 40 states, encompassing approximately 247 million net rentable square feet in the United States. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 318 facilities across seven Western European nations.

Public Storage reported its Q1 2025 financial results, with net income of $2.04 per diluted share, down from $2.60 in Q1 2024. The company's Core FFO reached $4.12 per share, showing a 2.2% increase from the previous year.

Key highlights include a 77.1% Same Store direct net operating income margin and strategic expansion through acquisitions and development. The company acquired 9 self-storage facilities for $141.0 million, adding 0.7 million net rentable square feet. Additionally, they opened 3 new facilities and completed various expansion projects.

The Same Store portfolio, comprising 2,565 facilities, showed stable performance with a 91.5% occupancy rate and a 0.6% increase in realized annual rental income per occupied square foot. Property taxes increased by 4.3%, while on-site property manager payroll decreased by 12.4%. The company maintains a strong growth trajectory with 3.7 million square feet of additional space under development at an estimated cost of $665.5 million.

Public Storage (NYSE:PSA) has announced it will release its first quarter 2025 earnings results after market close on Wednesday, April 30, 2025, followed by a conference call on Thursday, May 1, 2025, at 9:00 a.m. (PT).

As of December 31, 2024, Public Storage, an S&P 500 REIT member, owns and operates 3,380 self-storage facilities across 40 states, comprising approximately 245 million net rentable square feet in the United States. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage , which operates 318 facilities with about 17 million net rentable square feet across seven Western European nations.

Public Storage (NYSE:PSA) and Ki have submitted a non-binding indicative offer to acquire Abacus Storage King (ASX:ASK) for A$1.47 per stapled security. The acquisition targets all outstanding securities not already held by Ki Group, ASK's major securityholder.

Abacus Storage King operates approximately 126 properties, 21 development sites, and 75 managed/licensed properties across Australia and New Zealand. Post-transaction, Ki and Public Storage would each hold approximately 50% interest.

The deal aims to leverage Public Storage's expertise to enhance ASK's customer experience, operating performance, and portfolio growth in the Australian and New Zealand markets, which benefit from strong population growth and increasing consumer adoption. Public Storage currently owns/operates 3,380 self-storage facilities in 40 US states and holds a 35% stake in Shurgard Self Storage in Europe.

Public Storage (NYSE:PSA) announced its operating results for Q4 and the year ended December 31, 2024. The company reported a net income of $3.21 per diluted share for Q4 and $10.64 per diluted share for the year. Core FFO was $4.21 per diluted share for Q4 and $16.67 for the year.

Key highlights include:

• Acquisition of 17 self-storage facilities for $221.2 million in Q4 and 22 facilities for $267.5 million for the year.
• Opened three newly developed facilities in Q4 and seven for the year, adding 1.5 million net rentable square feet at a cost of $343.4 million.
• Repurchased $200 million of common shares at an average price of $275 per share.
• Issued $1.0 billion of unsecured senior notes and €150 million of senior notes.

For Q4, net income increased by $174.7 million YoY due to a $193.9 million increase in foreign currency gains, partially offset by a $17.0 million decrease in gain on sale of real estate. Self-storage net operating income decreased by $3.0 million due to a $7.2 million decrease in Same Store Facilities, partially offset by a $4.3 million increase in Non-Same Store Facilities.

For the year, net income decreased by $76.1 million due to increased expenses, despite a $153.4 million increase in foreign currency exchange gains and a $61.6 million increase in self-storage net operating income.

Looking ahead, the company expects a $0.23 per share impact to Core FFO in 2025 due to pricing restrictions in Los Angeles.

Public Storage (NYSE:PSA) has announced its plans to release fourth quarter 2024 earnings results after market close on February 24, 2025, followed by a conference call on February 25, 2025, at 9:00 a.m. (PT). The company will host both domestic and international dial-in options, along with a webcast accessible through March 11, 2025.

As of September 30, 2024, Public Storage, an S&P 500 REIT member, owned and operated 3,333 self-storage facilities across 40 states, comprising approximately 241 million net rentable square feet in the United States. Additionally, the company maintains a 35% common equity interest in Shurgard Self Storage , which operates 315 facilities with about 17 million net rentable square feet across seven Western European nations.

Public Storage (NYSE:PSA) has released the tax treatment details for its 2024 dividends. The company reported that 100% of distributions for both common stock and all preferred stock series were classified as ordinary dividends across all four quarters of 2024, with no capital gain distributions. These ordinary dividends do not qualify as 'qualified dividend income,' but are considered 'qualified REIT dividends' for non-corporate shareholders in determining qualified business income.

As of September 30, 2024, Public Storage operated 3,333 self-storage facilities across 40 states, comprising approximately 241 million net rentable square feet in the United States. Additionally, the company maintains a 35% common equity interest in Shurgard Self Storage , which operates 315 facilities across seven Western European nations.