earnings
confidence high
sentiment positive
materiality 0.75
Public Storage Q3 Core FFO $4.31, beats; raises 2025 guidance; acquires $511M in facilities
Public Storage
2025-Q3 EPS reported
$6.42
revenue$3,608,321,000
- Net income allocable to common shareholders $461.4M ($2.62/diluted share) vs $380.7M ($2.16) in Q3 2024, up 21.2%.
- Core FFO per share $4.31, up 2.6% YoY; full-year guidance raised to $16.70-$17.00 from $16.45-$17.00.
- Acquired 49 facilities for $511.4M in Q3; year-to-date total ~$934.5M including subsequent contracts.
- Same Store direct NOI margin 78.5%; weighted avg occupancy 92.2% vs 92.7% prior year.
- Quarterly dividend unchanged at $3.00/share, payable Dec 30, 2025 to holders of record Dec 15.