---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-047143"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:36:55.243067+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q3 Core FFO $4.31, beats; raises 2025 guidance; acquires $511M in facilities

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-047143
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1393311/000162828025047143/0001628280-25-047143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000162828025047143/psa-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-047143
- JSON: https://secwatch.observer/filing/0001628280-25-047143.json
- Plain text: https://secwatch.observer/filing/0001628280-25-047143.txt

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