← Filings of PSA
Tables in the 10-Q of Public Storage
38 tables with numbers, filed Oct 26, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “Securities registered pursuant to Section 12(b) of the Act:”
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| Title of Class | Trading Symbol | Name of each exchange on which registered |
| Common Shares, $0.10 par value | PSA | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series F, $0.01 par value | PSAPrF | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value | PSAPrG | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series H, $0.01 par value | PSAPrH | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value | PSAPrI | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series J, $0.01 par value | PSAPrJ | New York Stock Exchange |
| Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value | PSAPrK | New York Stock Exchange |
First 8 of 21 rows. The CSV has all of them.
| PART I FINANCIAL INFORMATION | Pages | |
| Item 1. | Consolidated Financial Statements (Unaudited) | |
| Consolidated Balance Sheets | 1 |
| Consolidated Statements of Income | 2 |
| Consolidated Statements of Comprehensive Income | 3 |
| Consolidated Statements of Equity | 4 |
| Consolidated Statements of Cash Flows | 8 |
| Notes to Unaudited Consolidated Financial Statements | 10 |
First 8 of 18 rows. The CSV has all of them.
Table 3 after “(Amounts in thousands, except share data)”
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| September 30, 2026 | December 31, 2025 | |
| (Unaudited) | | |
| ASSETS | | | |
| Cash and equivalents | $560,379 | | $318,095 |
| Real estate facilities, at cost: | | | |
| Land | 7,295,228 | | 5,952,072 |
| Buildings | 29,830,275 | | 24,126,185 |
| Total land and buildings, at cost | 37,125,503 | | 30,078,257 |
First 8 of 36 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenues: | | | | | | |
| Self-storage facilities | $1,254,111 | | $1,138,837 | | $3,522,183 | $3,360,493 |
| Ancillary operations | 112,079 | | 85,206 | | 294,629 | 247,828 |
| Total revenues | 1,366,190 | | 1,224,043 | | 3,816,812 | 3,608,321 |
| Expenses: | | | | | | |
| Self-storage cost of operations | 333,194 | | 294,465 | | 946,693 | 880,336 |
First 8 of 35 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Net income | $378,348 | | $514,773 | | $1,410,661 | $1,286,975 |
| Other comprehensive income (loss): | | | | | | |
| Foreign currency translation gain (loss) | 548 | | (6,908) | | (10,407) | 23,607 |
| Change in fair value of derivatives designated as hedging instruments | 41,358 | | — | | 54,325 | — |
| Reclassification of cash flow hedge gain to interest expense | 161 | | — | | 161 | — |
| Gain on settlement of derivatives designated as cash-flow hedges | 6,747 | | — | | 6,747 | — |
First 8 of 12 rows. The CSV has all of them.
| Cumulative Preferred Shares | Common Shares | | Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss (Income) | | Total Public Storage Shareholders' Equity | Noncontrolling Interests | Total Equity | | | |
| Balances at June 30, 2026 | $4,350,000 | | $17,562 | | $6,214,483 | | $(1,345,970) | | $(45,795) | | $9,190,280 | $95,532 | $9,285,812 |
| Issuance of 15,237,685 preferred shares in connection with acquisitions | 369,878 | | — | | — | | — | | — | | 369,878 | — | 369,878 |
| Issuance of 11,217,966 common shares in connection with acquisitions | — | | 1,122 | | 3,487,665 | | — | | — | | 3,488,787 | — | 3,488,787 |
| Issuance of OP common units in connection with acquisitions | — | | — | | — | | — | | — | | — | 2,013,441 | 2,013,441 |
| Issuance of OP Series T-1 preferred units in connection with acquisitions | — | | — | | — | | — | | — | | — | 14,924 | 14,924 |
| Issuance of common shares in connection with share-based compensation (4,182 shares) | — | | — | | 889 | | — | | — | | 889 | — | 889 |
| Taxes withheld upon net share settlement of restricted share units | — | | — | | (42) | | — | | — | | (42) | — | (42) |
First 8 of 20 rows. The CSV has all of them.
| Cumulative Preferred Shares | Common Shares | | Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | | Total Public Storage Shareholders' Equity | Noncontrolling Interests | Total Equity | | | |
| Balances at June 30, 2025 | $4,350,000 | | $17,545 | | $6,131,517 | | $(1,085,142) | | $(41,461) | | $9,372,459 | $103,890 | $9,476,349 |
| Issuance of common shares in connection with share-based compensation (10,131 shares) | — | | 1 | | 1,731 | | — | | — | | 1,732 | — | 1,732 |
| Taxes withheld upon net share settlement of restricted share units | — | | — | | (433) | | — | | — | | (433) | — | (433) |
| Share-based compensation cost | — | | — | | 10,366 | | — | | — | | 10,366 | — | 10,366 |
| Acquisition of noncontrolling interests | — | | — | | — | | — | | — | | — | 1,041 | 1,041 |
| Contributions by noncontrolling interests | — | | — | | — | | — | | — | | — | — | — |
| Net income | — | | — | | — | | 514,773 | | — | | 514,773 | — | 514,773 |
First 8 of 16 rows. The CSV has all of them.
| Cumulative Preferred Shares | Common Shares | | Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss (Income) | | Total Public Storage Shareholders' Equity | Noncontrolling Interests | Total Equity | | | |
| Balances at December 31, 2025 | $4,350,000 | | $17,550 | | $6,147,650 | | $(1,219,273) | | $(47,799) | | $9,248,128 | $93,706 | $9,341,834 |
| Issuance of 15,237,685 preferred shares in connection with acquisitions | 369,878 | | — | | — | | — | | — | | 369,878 | — | 369,878 |
| Issuance of 11,217,966 common shares in connection with acquisitions | — | | 1,122 | | 3,487,665 | | — | | — | | 3,488,787 | — | 3,488,787 |
| Issuance of OP common units in connection with acquisitions | — | | — | | — | | — | | — | | — | 2,013,441 | 2,013,441 |
| Issuance of OP Series T-1 preferred units in connection with acquisitions | — | | — | | — | | — | | — | | — | 14,924 | 14,924 |
| Issuance of common shares in connection with share-based compensation (125,021 shares) | — | | 12 | | 24,647 | | — | | — | | 24,659 | — | 24,659 |
| Sale of OP Options | — | | — | | 30,000 | | — | | — | | 30,000 | — | 30,000 |
First 8 of 22 rows. The CSV has all of them.
| Cumulative Preferred Shares | Common Shares | | Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | | Total Public Storage Shareholders' Equity | Noncontrolling Interests | Total Equity | | | |
| Balances at December 31, 2024 | $4,350,000 | | $17,541 | | $6,116,113 | | $(699,083) | | $(71,965) | | $9,712,606 | $101,046 | $9,813,652 |
| Issuance of common shares in connection with share-based compensation (54,454 shares) | — | | 5 | | 9,572 | | — | | — | | 9,577 | — | 9,577 |
| Taxes withheld upon net settlement of restricted share units | — | | — | | (3,473) | | — | | — | | (3,473) | — | (3,473) |
| Share-based compensation cost | — | | — | | 33,112 | | — | | — | | 33,112 | — | 33,112 |
| Acquisition of noncontrolling interests | — | | — | | (8,161) | | — | | — | | (8,161) | (900) | (9,061) |
| Contributions by noncontrolling interests | — | | — | | — | | — | | — | | — | 3,725 | 3,725 |
| Net income | — | | — | | — | | 1,286,975 | | — | | 1,286,975 | — | 1,286,975 |
First 8 of 16 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Operating Activities: | | | |
| Net income | $1,410,661 | | $1,286,975 |
| Adjustments to reconcile net income to net cash flows from operating activities: | | | |
| Gain on sale of real estate | (27,355) | | (710) |
| Depreciation and amortization | 991,094 | | 856,295 |
| Equity in earnings of unconsolidated real estate entities | (6,310) | | (5,071) |
First 8 of 47 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash and equivalents at beginning of the period: | $318,095 | | $447,416 |
| Cash and equivalents at end of the period: | $560,379 | | $296,460 |
| Supplemental schedule of non-cash investing and financing activities: | | | |
| Dividends and distributions payable at period end | $(581,365) | | $(1,612) |
| Costs incurred during the period remaining unpaid at period end for: | | | |
| Capital expenditures to maintain real estate facilities | $(14,114) | | $(6,188) |
First 8 of 14 rows. The CSV has all of them.
Table 12 after “Total consideration for the transaction is summarized in the table below (dollar amounts in thousands).”
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| Consideration Transferred | Fair Value of Consideration Transferred |
| 11,217,966 PSA Common Shares | $3,488,787 |
| 4,125,017 PSA OP Common Units | 1,218,466 |
| PSA Series T Preferred Shares | 216,272 |
| PSA Series U Preferred Shares | 153,606 |
| PSA OP Series T-1 Preferred Units | 14,924 |
| Cash | 1,350,794 |
| Total Consideration | $6,442,849 |
Table 13 after “The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):”
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| ASSETS | |
| Cash and equivalents | $115,040 |
| Real estate facilities | |
| Land | 846,524 |
| Buildings | 4,237,164 |
| Total land and buildings | 5,083,688 |
| Investments in unconsolidated real estate entities | 529,890 |
| Goodwill | 451,497 |
First 8 of 20 rows. The CSV has all of them.
Table 14 after “The pro forma financial information is not necessarily indicative of the results of operations had the acquisition been effected on the assu”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Total Revenues | $4,198,056 | | $4,006,768 |
| Net Income | 1,195,457 | | 902,381 |
Table 15 after “million, was allocated as follows (in thousands):”
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| Cash and equivalents | $12,169 |
| Real estate facilities: | |
| Land | 404,838 |
| Buildings | 812,518 |
| Construction in process | 8,217 |
| Tenant intangibles | 115,210 |
| Other assets | 9,663 |
| Notes payable | (184,297) |
First 8 of 11 rows. The CSV has all of them.
Table 16 after “Activity in real estate facilities during the nine months ended September 30, 2026 is as follows:”
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| Nine Months Ended September 30, 2026 |
| (Amounts in thousands) |
| Operating facilities, at cost: | |
| Beginning balance | $30,078,257 |
| Capital expenditures to maintain real estate facilities | 123,124 |
| Capital expenditures for property enhancements | 37,171 |
| Capital expenditures for energy efficiencies (Solar, heat pumps, LED lighting) | 49,453 |
| Acquisitions | 6,754,578 |
First 8 of 25 rows. The CSV has all of them.
Table 17 after “The following is a summary of our investments in unconsolidated real estate entities for the periods indicated below (amounts in thousands):”
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| Ownership % | Number of Properties | | Net Rentable Square Feet | | Carrying Amount of Investment (a) | | | |
| Investment Name | At September 30, 2026 | At September 30, 2026 | | At December 31, 2025 | | | | | |
| Shurgard | 35% | | 338 | | 18.9 | | $349,068 | | $388,586 |
| Legacy NSA JVs (b) | 25% | | 262 | | 18.2 | | 364,400 | | — |
| PS-NSA JV | 20% | | 313 | | 19.7 | | 169,930 | | — |
| Total investment in unconsolidated entities | | | | | | $883,398 | | $388,586 | |
Table 18 after “Goodwill and other intangible assets consisted of the following:”
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| At September 30, 2026 | At December 31, 2025 | | | | | | | | |
| Gross Book Value | Accumulated Amortization | | Net Book Value | Gross Book Value | Accumulated Amortization | | Net Book Value | | |
| (Amounts in thousands) | | | | | | | | | |
| Goodwill | $617,340 | | $— | | $617,340 | | $165,843 | | $— | $165,843 |
| Shurgard® Trade Name | 18,824 | | — | | 18,824 | | 18,824 | | — | 18,824 |
| Real estate-related finite-lived intangible assets, subject to amortization | 1,618,501 | | (1,125,912) | | 492,589 | | 1,066,738 | | (1,000,561) | 66,177 |
| Non-real estate-related finite-lived intangible assets, subject to amortization | 240,150 | | (12,950) | | 227,200 | | 4,750 | | (3,981) | 769 |
| Total goodwill and other intangible assets | $2,494,815 | | $(1,138,862) | | $1,355,953 | | $1,256,155 | | $(1,004,542) | $251,613 |
Table 19 after “The estimated future amortization expense for our finite-lived intangible assets at September 30, 2026 is as follows:”
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| Year | Amount |
| (Amounts in Thousands) | |
| Remainder of 2026 | $126,964 |
| 2027 | 342,101 |
| 2028 | 117,996 |
| 2029 | 26,419 |
| 2030 | 22,837 |
| Thereafter | 83,472 |
First 8 of 9 rows. The CSV has all of them.
Table 20 after “Our notes payable at September 30, 2026 and December 31, 2025 are set forth in the tables below:”
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| | | September 30, 2026 | December 31, 2025 | | | | | | |
| Coupon Rate | Effective Rate | Amount | | Fair Value | | Amount | | Fair Value | |
| | | (Dollar amounts in thousands) | | | | | | | |
| U.S. Dollar Denominated Unsecured Debt | | | | | | | | | | |
| Notes due February 15, 2026 | 0.875% | 0.000% | $— | | | $— | | | $500,000 | $497,958 |
| Notes due November 9, 2026 | 1.500% | 1.640% | 650,000 | | | 647,933 | | | 650,000 | 636,828 |
| Notes due April 16, 2027 | SOFR+0.70% | 4.332% | 700,000 | | | 699,932 | | | 700,000 | 703,891 |
| Notes due September 15, 2027 | 3.094% | 3.218% | 500,000 | | | 491,593 | | | 500,000 | 494,206 |
First 8 of 36 rows. The CSV has all of them.
Table 21 after “At September 30, 2026, approximate principal maturities of our Notes Payable are as follows:”
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| Unsecured Debt | Mortgage Debt | Total |
| (Amounts in thousands) | | |
| Remainder of 2026 | $650,000 | $35 | $650,035 |
| 2027 | 1,200,000 | 85,046 | 1,285,046 |
| 2028 | 1,200,000 | 88,129 | 1,288,129 |
| 2029 | 1,000,000 | 88 | 1,000,088 |
| 2030 | 1,268,954 | 1,075 | 1,270,029 |
| Thereafter | 6,600,927 | — | 6,600,927 |
First 8 of 10 rows. The CSV has all of them.
Table 22 after “At September 30, 2026 and December 31, 2025, we had the following series of Cumulative Preferred Shares (“Preferred Shares”) outstanding:”
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| | | At September 30, 2026 | | At December 31, 2025 | | | | |
| Series | Earliest Redemption Date | Dividend Rate | Shares Outstanding | Carrying Amount | | Shares Outstanding | Carrying Amount | | |
| | | (Dollar amounts in thousands) | | | | | | |
| Series F | 6/2/2022 | 5.150% | | 11,200 | | | $280,000 | 11,200 | $280,000 |
| Series G | 8/9/2022 | 5.050% | | 12,000 | | | 300,000 | 12,000 | 300,000 |
| Series H | 3/11/2024 | 5.600% | | 11,400 | | | 285,000 | 11,400 | 285,000 |
| Series I | 9/12/2024 | 4.875% | | 12,650 | | | 316,250 | 12,650 | 316,250 |
| Series J | 11/15/2024 | 4.700% | | 10,350 | | | 258,750 | 10,350 | 258,750 |
First 8 of 20 rows. The CSV has all of them.
Table 23 after “We recorded share-based compensation expense associated with our equity awards in the various expense categories in the Consolidated Stateme”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (Amounts in thousands) | | | | | |
| Self-storage cost of operations | $555 | | $2,902 | | $6,654 | $8,998 |
| Ancillary cost of operations | 90 | | 318 | | 821 | 991 |
| Real estate acquisition and development expense | 242 | | 262 | | 586 | 1,375 |
| General and administrative | 9,648 | | 5,975 | | 27,152 | 18,997 |
| Total | $10,535 | | $9,457 | | $35,213 | $30,361 |
Table 24 after “The following table reconciles the numerators and denominators of the basic and diluted net income per common shares computation for the thr”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (Amounts in thousands, except per share data) | | | | | |
| Numerator for basic and dilutive net income per common share – net income allocable to common shareholders | $312,281 | | $461,408 | | $1,239,327 | $1,128,606 |
| Effect of assumed conversion of noncontrolling interest shares | 804 | | — | | 2,317 | — |
| Numerator for dilutive net income per common share- net income allocable to common shareholders | $313,085 | | $461,408 | | $1,241,644 | $1,128,606 |
| Denominator for basic net income per share - weighted average common shares outstanding | 184,159 | | 175,456 | | 178,444 | 175,439 |
| Net effect of dilutive stock options and AO LTIP units - based on treasury stock method | 481 | | 428 | | 457 | 477 |
First 8 of 13 rows. The CSV has all of them.
Table 25 after “The following table reconciles NOI and net income attributable to our reportable segment to our consolidated net income:”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| (Amounts in thousands) | | | | | |
| Self-Storage Operations Reportable Segment | | | | | | |
| Revenue | $1,254,111 | | $1,138,837 | | $3,522,183 | $3,360,493 |
| Cost of operations: | | | | | | |
| Property taxes | (132,983) | | (119,397) | | (390,379) | (362,607) |
| On-site property manager payroll | (45,229) | | (40,915) | | (125,694) | (119,998) |
First 8 of 35 rows. The CSV has all of them.
Table 26 after “The following table presents changes in accrued corporate transformation costs and cumulative costs incurred during the nine months ended Se”
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| Nine Months Ended September 30, 2026 | | | | | | |
| | | Employee Related | Real Estate Related and Other | | Total | |
| | (Amounts in thousands) | | | | | |
| Balances at December 31, 2025 | | | $954 | | $— | | $954 |
| Costs | | | 2,983 | | 5,049 | | 8,032 |
| Cash payments and other adjustments | | | (2,303) | | (5,049) | | (7,352) |
| Balances at September 30, 2026 | | | $1,634 | | $— | | $1,634 |
Table 27 after “The following table reconciles net income to FFO and Core FFO and reconciles diluted earnings per share to FFO per share and unit and Core F”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | | | | |
| 2026 | 2025 | | Percentage Change | 2026 | 2025 | | Percentage Change | | | |
| (Amounts in thousands, except per share data) | | | | | | | | | | |
| Reconciliation of Net Income to FFO and Core FFO: | | | | | | | | | | | |
| Net income allocable to common shareholders | $312,281 | | $461,408 | | (32.3)% | | $1,239,327 | | | $1,128,606 | 9.8% |
| Eliminate items excluded from FFO: | | | | | | | | | | | |
| Real estate-related depreciation and amortization | 400,849 | | 287,472 | | | 973,344 | | | 847,702 | | |
| Real estate-related depreciation from unconsolidated real estate investment | 28,926 | | 14,706 | | | 51,087 | | | 45,664 | | |
First 8 of 51 rows. The CSV has all of them.
Table 28 after “The following table reconciles net income to FFO and Core FFO and reconciles diluted earnings per share to FFO per share and unit and Core F”
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| Three Months Ended September 30, | | Nine Months Ended September 30, | | |
| Diluted weighted average number of common shares outstanding | 185,110 | 175,884 | | 179,371 | 175,916 |
| Weighted average number of OP/Vested LTIPs outstanding | 4,509 | 343 | | 1,776 | 322 |
| Diluted weighted average common shares and units outstanding | 189,619 | 176,227 | | 181,147 | 176,238 |
| Self-Storage Operations | | | | | | | | | | | | |
| Summary | Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | Percentage Change (a) | 2026 | 2025 | | Percentage Change (a) | | | | |
| (Dollar amounts and square footage in thousands) | | | | | | | | | | | |
| Revenues (b): | | | | | | | | | | | | |
| Same Store Facilities | $1,021,947 | | $1,017,135 | | 0.5% | | $3,029,329 | | $3,030,595 | | —% | |
| Acquired Facilities | 174,162 | | 70,815 | | 145.9% | | 328,037 | | 183,781 | | 78.5% | |
| Developed and Expanded Facilities | 54,708 | | 46,616 | | 17.4% | | 154,905 | | 133,427 | | 16.1% | |
First 8 of 34 rows. The CSV has all of them.
| Self-Storage Operations (continued) | | | | | | | | |
| | | | Nine Months Ended September 30, | | | | |
| | | | 2026 | 2025 | | Percentage Change (a) | |
| Number of facilities at period end: | | | | | | | | |
| Same Store Facilities | | | | 2,755 | 2,755 | | —% | |
| Acquired Facilities | | | | 881 | 270 | | 226.3% | |
| Developed and Expanded Facilities | | | | 121 | 110 | | 10.0% | |
| Other Non-Same Store Facilities | | | | 15 | 17 | | (11.8)% | |
First 8 of 27 rows. The CSV has all of them.
Table 31 after “Selected Operating Data for the Same Store Facilities (2,755 facilities)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | Change (e) | | 2026 | | 2025 | | Change (e) | | |
| (Dollar amounts in thousands, except for per square foot data) | | | | | | | | | | | |
| Revenues (a): | | | | | | | | | | | | |
| Rental income | $987,155 | | $982,163 | | | 0.5% | | $2,926,608 | | | $2,925,736 | —% |
| Late charges and administrative fees | 34,792 | | 34,972 | | | (0.5)% | | 102,721 | | | 104,859 | (2.0)% |
| Total revenues | 1,021,947 | | 1,017,135 | | | 0.5% | | 3,029,329 | | | 3,030,595 | —% |
| Direct cost of operations (a): | | | | | | | | | | | | |
First 8 of 30 rows. The CSV has all of them.
Table 32 after “The following table sets forth average annual contract rent per square foot and total square footage for customers moving in and moving out ”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | | |
| 2026 | 2025 | | Change (a) | 2026 | 2025 | Change (a) | | |
| (Amounts in thousands, except for per square foot amounts) | | | | | | | | |
| Customers moving in during the period: | | | | | | | | | |
| Average annual contract rent per square foot | $14.66 | $13.41 | | 9.3% | $13.39 | $13.01 | 2.9% | | |
| Square footage | 30,818 | 33,176 | | (7.1)% | 95,804 | 102,428 | (6.5)% | | |
| Contract rents gained from move-ins | $112,948 | $111,223 | | 1.6% | $962,112 | $999,441 | (3.7)% | | |
| Promotional discounts given | $16,546 | $15,671 | | 5.6% | $49,069 | $48,128 | 2.0% | | |
First 8 of 13 rows. The CSV has all of them.
Table 33 after “The Acquired Facilities represent 707 facilities that we acquired in 2026, 2025, and 2024, and 174 facilities that we acquired before 2024 t”
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| As of September 30, 2026 |
| Costs to acquire (in thousands): | |
| Acquisitions before 2024 | $3,083,399 |
| 2024 Acquisitions | 267,473 |
| 2025 Acquisitions | 945,586 |
| 2026 Acquisitions | 7,326,200 |
| $11,622,658 |
Table 34 after “The Developed and Expanded Facilities include 113 facilities that were developed on new sites or expanded to increase their net rentable squ”
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| As of September 30, 2026 |
| Costs to develop (in thousands): | |
| Developed and Expanded before 2024 | $1,007,794 |
| Developed and Expanded in 2024 | 325,295 |
| Developed and Expanded in 2025 | 390,326 |
| Developed and Expanded in 2026 | 84,090 |
| $1,807,505 |
Table 35 after “Ancillary revenues and expenses include amounts associated with the reinsurance of policies against losses to goods stored by customers in o”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | Change | 2026 | 2025 | Change |
| (Amounts in thousands) | | | | | |
| Revenues: | | | | | | |
| Tenant reinsurance premiums | $77,067 | $64,007 | 20.4% | $212,482 | $185,382 | 14.6% |
| Merchandise | 6,388 | 6,138 | 4.1% | 19,549 | 18,948 | 3.2% |
| Management Fees | 28,624 | 15,061 | 90.1% | 62,598 | 43,498 | 43.9% |
| Total revenues | 112,079 | 85,206 | 31.5% | 294,629 | 247,828 | 18.9% |
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Table 36 after “The following table sets forth our interest and other income (expense):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | | | |
| 2026 | 2025 | | Change | 2026 | 2025 | | Change | | |
| (Amounts in thousands) | | | | | | | | | |
| Interest earned on cash balances | $8,558 | | $8,598 | | $(40) | | $18,839 | | $23,668 | $(4,829) |
| Commercial operations | 2,092 | | 1,849 | | 243 | | 6,556 | | 7,203 | (647) |
| Interest earned on notes receivable, net | 1,568 | | 1,733 | | (165) | | 7,249 | | 2,976 | 4,273 |
| Unrealized gain (loss) on private equity investments | 539 | | 6,148 | | (5,609) | | 3,844 | | 4,360 | (516) |
| Unrealized gain (loss) on interest rate derivatives | — | | — | | — | | (5,857) | | — | (5,857) |
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Table 37 after “As of September 30, 2026, the principal outstanding on our long-term debt totaled approximately $12.1 billion, consisting of $9.6 billion of”
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| Principal | Interest | Total |
| (Amounts in Thousands) | | |
| Remainder of 2026 | $650,035 | $192,529 | $842,564 |
| 2027 | 1,285,046 | 393,143 | 1,678,189 |
| 2028 | 1,288,129 | 353,246 | 1,641,375 |
| 2029 | 1,000,088 | 313,405 | 1,313,493 |
| 2030 | 1,270,029 | 281,713 | 1,551,742 |
| Thereafter | 6,600,927 | 2,607,634 | 9,208,561 |
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| 2.1 | Agreement and Plan of Merger, dated as of March 16, 2026, by and among National Storage Affiliates Trust, NSA OP, LP, Public Storage, Public Storage OP, L.P., Pelican Merger Sub I, LLC and Pelican Merger Sub II, LLC. Filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K dated March 16, 2026 and incorporated by reference herein. |
| 4.1 | Twenty-Third Supplemental Indenture, dated as of July 20, 2026, among Public Storage Operating Company, Public Storage and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee. Filed as Exhibit 4.2 to the Company’s Current Report on Form 8-K dated July 20, 2026 and incorporated by reference herein. |
| 4.2 | Twenty-Fourth Supplemental Indenture, dated as of July 20, 2026, among Public Storage Operating Company, Public Storage and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee. Filed as Exhibit 4.2 to the Company’s Current Report on Form 8-K dated July 20, 2026 and incorporated by reference herein. |
| 4.3 | Indenture, dated as of September 16, 2026, among PS Canada Finance ULC, Public Storage, Public Storage Operating Company and Computershare Trust Company, N.A., as trustee. Filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K dated September 16, 2026 and incorporated by reference herein. |
| 4.4 | First Supplemental Indenture, dated as of September 16, 2026, among PS Canada Finance ULC, Public Storage, Public Storage Operating Company and Computershare Trust Company, N.A., as trustee. Filed as Exhibit 4.2 to the Company’s Current Report on Form 8-K dated September 16, 2026 and incorporated by reference herein. |
| 10.1 | First Amendment to Exhibit J to the Amended and Restated Agreement of Limited Partnership of Public Storage OP, L.P. Filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated July 21, 2026 and incorporated by reference herein. |
| 31.1 | Rule 13a – 14(a) Certification. Filed herewith. |
| 31.2 | Rule 13a – 14(a) Certification. Filed herewith. |
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