Public Storage: May occupancy 92.3%, move-in rents down 4.6%; $750.9M facility acquisitions

Public Storage

Same-store occupancy at May 31, 2025: 92.3%, down 0.5 ppt from 92.8% a year ago.
Move-in average annual contract rent per sq ft fell 4.6% to $13.34; move-out rent declined 2.0% to $20.25.
Annual contract rent per occupied sq ft up 0.4% to $22.55.
Acquired or under contract to acquire 69 self-storage facilities (4.7M sq ft) for $750.9M since Jan 1.
Investor presentation posted on IR website includes these two-month operating metrics through May 31.

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