Public Storage Reports Strong Q3 2025 Performance

Public Storage ( (PSA) ) has released its Q3 earnings. Here is a breakdown of the information Public Storage presented to its investors.

Public Storage, a leading real estate investment trust (REIT), specializes in acquiring, developing, owning, and operating self-storage facilities across the United States and Europe. The company is a member of the S&P 500 and is headquartered in Glendale, California.

In its latest earnings report, Public Storage announced a solid performance for the third quarter of 2025, driven by strategic acquisitions and expansion projects. The company reported an increase in net income and core funds from operations (FFO) per share, reflecting its robust operational strategies and market positioning.

Key financial highlights include a net income of $2.62 per diluted share for the third quarter, a significant increase from the previous year. The company also reported core FFO of $4.31 per diluted share, alongside a 78.5% same-store direct net operating income margin. Public Storage acquired 49 self-storage facilities, adding 3.4 million net rentable square feet to its portfolio, and completed various expansion projects adding significant capacity.

Despite a decrease in net income for the nine-month period compared to the previous year, primarily due to foreign currency exchange losses, the company achieved a notable increase in self-storage net operating income. This growth was largely attributed to newly acquired and developed facilities, highlighting the company’s strategic focus on expansion and acquisition.

Looking ahead, Public Storage remains optimistic about its growth prospects, raising its 2025 outlook for the second consecutive quarter. The company anticipates continued success in its acquisition activities and core FFO per share growth, positioning itself strongly in the stabilizing self-storage industry.