Public Storage Q3 Core FFO $4.13/share +20.8% YoY; special dividend $13.15 paid

Public Storage

2022-Q3 EPS reported $21.44 revenue$3,093,621,000

Net income allocable to common shares $2,712M ($15.38 diluted EPS) vs $442M ($2.52) a year ago, driven by $2.1B gain on PSB sale.
Core FFO per diluted share was $4.13, up 20.8% YoY; Same Store direct NOI margin 80.3% (+1.6pp).
Acquired 24 self-storage facilities for $250.6M in Q3; subsequent to quarter end, 33 facilities for $262.6M.
Paid special cash dividend of $13.15 per common share ($2.3B total) in August from PSB sale proceeds.
Declared regular quarterly dividend of $2.00 per common share, payable Dec 29 to holders of record Dec 14.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Public Storage reported quarter ended September 30, 2022 results: net income net income allocable to our common shareholders was $2,712.2 million, EPS $15.38 per diluted common share.

Period: quarter ended September 30, 2022
Net income: net income allocable to our common shareholders was $2,712.2 million
EPS: $15.38 per diluted common share
Result: reported results

Exact text from the filing

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2022

View on SEC.gov

Browse all earnings releases →

Public Storage filing history →

Source: SEC EDGAR

accession 0001393311-22-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.