$PSA-PH
Public Storage
CIK:0001393311|SEC Filings
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||
| Total revenues | $ 1,232,881 | $ 1,201,094 | $ 2,450,622 | $ 2,384,278 | ||
| Expenses: | ||||||
| Depreciation and amortization | 287,757 | 283,216 | 578,480 | 565,931 | ||
| Real estate acquisition and development expense | 5,187 | 2,538 | 7,615 | 9,961 | ||
| General and administrative | 44,369 | 25,727 | 74,720 | 50,911 | ||
| Interest expense | 84,781 | 71,609 | 164,799 | 143,618 | ||
| Total expenses | 766,200 | 701,095 | 1,509,663 | 1,420,273 | ||
| Operating income | 466,681 | 499,999 | 940,959 | 964,005 | ||
| Other increases (decreases) to net income: | ||||||
| Interest and other income (expense) | 16,877 | 12,789 | 24,655 | 26,023 | ||
| Equity in earnings (loss) of unconsolidated real estate entity | 4,944 | (2,230) | 11,780 | 1,397 | ||
| Foreign currency exchange gain (loss) | 17,187 | (146,070) | 58,860 | (214,765) | ||
| Gain (Loss) on sale of real estate | (35) | 163 | 344 | 208 | ||
| Income before income taxes | 505,654 | 364,651 | 1,036,598 | 776,868 | ||
| Income tax (provision) benefit | (2,716) | (3,240) | (4,285) | (4,666) | ||
| Net income | 502,938 | 361,411 | 1,032,313 | 772,202 | ||
| Allocation to noncontrolling interests | (2,978) | (2,992) | (6,080) | (5,992) | ||
| Net income allocable to Public Storage shareholders | 499,960 | 358,419 | 1,026,233 | 766,210 | ||
| Allocation of net income to: | ||||||
| Preferred shareholders | (48,678) | (48,673) | (97,356) | (97,351) | ||
| Restricted share units and unvested LTIP units | (1,024) | (778) | (1,831) | (1,661) | ||
| Net income allocable to common shareholders | $ 450,258 | $ 308,968 | $ 927,046 | $ 667,198 | ||
| Net income per common share: | ||||||
| Basic (in USD per share) | $ 2.56 | $ 1.76 | $ 5.28 | $ 3.80 | ||
| Diluted (in USD per share) | [1] | $ 2.55 | $ 1.76 | $ 5.26 | $ 3.79 | |
| Basic weighted average common shares outstanding (in shares) | 175,561 | 175,442 | 175,540 | 175,431 | ||
| Diluted weighted average common shares outstanding (in shares) | 176,512 | 175,921 | 176,455 | 175,932 | ||
| Self-storage facilities | ||||||
| Revenues: | ||||||
| Total revenues | $ 1,139,947 | $ 1,118,658 | $ 2,268,072 | $ 2,221,656 | ||
| Expenses: | ||||||
| Self-storage cost of operations | 307,820 | 284,717 | 613,499 | 585,871 | ||
| Ancillary operations | ||||||
| Revenues: | ||||||
| Total revenues | 92,934 | 82,436 | 182,550 | 162,622 | ||
| Expenses: | ||||||
| Ancillary cost of operations | $ 36,286 | $ 33,288 | $ 70,550 | $ 63,981 | ||
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