---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-25-000034"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T05:39:59.742035+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q4 Core FFO $4.21/sh; 2025 guidance assumes $0.23 LA fire hit

## Summary
- Q4 net income $3.21/diluted share; Core FFO $4.21/diluted share vs $4.20 YoY.
- Same Store revenue -0.6% YoY; direct NOI margin 79.2% vs 79.6%.
- Full year 2024 acquired 22 facilities for $267.5M; post-Q4 acquired/under contract 9 for $140.7M.
- 2025 Same Store revenue guidance -1.3% to +0.8%; expense growth 2.5% to 4.5%.
- Regular quarterly common dividend declared $3.00/share, payable March 28, 2025.

## SEC filing metadata
- accession: 0001393311-25-000034
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000034/0001393311-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000034/psa-20250224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-25-000034
- JSON: https://secwatch.observer/filing/0001393311-25-000034.json
- Plain text: https://secwatch.observer/filing/0001393311-25-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.