HighGravityDataPublic Storage — Oct 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-047143
Showing in the filing
Development and expansion pipeline (net rentable square feet)
“3.9 million net rentable square feet”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 22
Development and expansion pipeline (net rent… for the long term
“3.9 million net rentable square feet”
Development and expansion pipeline aggregate… for the long term
“approximately $649.2 million”
Remaining development costs to be incurred
“$381.4 million”
Regular common quarterly dividend for Q4 FY2025
“$3.00 per common share”
Revenue growth
“(0.3)%”
Expense growth (a)
“1.8%”
Net operating income growth (a)
“(1.2)%”
Non-Same Store net operating income
“$475,000”
Ancillary net operating income
“$195,000”
Core general and administrative expense (b)
“$91,000”
Interest expense for FY2025
“$305,000”
Interest expense
“$304,000”
Preferred dividends for FY2025
“$195,000”
Development openings for FY2025
“$370,000”
Capital expenditures: Maintenance of real es… for FY2025
“$175,000”
Maintenance of real estate facilities
“$175,000”
Capital expenditures: Energy efficiencies for FY2025
“$75,000”
Energy efficiencies (c)
“$75,000”
Core FFO per share (a)
“$16.70”
Core FFO per share growth from 2024 Core FFO… for FY2024
“(1.3)%”
Incremental Non-Same Store NOI to stabilizat… for FY2026
“$130,000”
Incremental Non-Same Store NOI to stabilizat… for FY2026
“$130,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Completed various expansion projects, which together added 0.3 million and 1.1 million net rentable square feet at a cost of $60.4 million and $268.8 million for the three and nine months ended September 30, 2025, respectively. At September 30, 2025, we had various facilities in development and expansion expected to add 3.9 million net rentable square feet at an estimated cost of $649.2 million. 1 Operating Results for the Three Months Ended September 30, 2025 For the three months ended September 30, 2025, net income allocable to our common shareholders was $461.4 million or $2.62 per diluted common share, compared to $380.7 million or $2.16 per diluted common share for the same period in 2024, representing an increase of $80.7 million or $0.46 per diluted common share. The increase is due primarily to (i) a $71.5 million increase in foreign currency gain primarily associated with our Euro denominated notes payable and (ii) a $21.7 million increase in self-storage net operating income, partially offset by (iii) a $10.0 million increase in depreciation expense and (iv) a $5.4 million increase in interest expense. The $21.7 million increase in self-storage net operating income for the three months ended September 30, 2025 as compared to the same period in 2024 is a result of a $21.5 million increase attributable to our Non-Same Store Facilities (as defined below) reflecting the impact of newly acquired facilities and the lease-up of development/expansion properties. Operating Results for the Nine Months Ended September 30, 2025 For th
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.