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
Capital expenditures: Maintenance of real estate facilities
“$175,000”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
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
2025 Guidance Current Guidance Prior Guidance Low High Low High (Dollar amounts in thousands, except per share data) Same Store: Revenue growth (0.3)% 0.3% (1.3)% 0.8% Expense growth (a) 1.8% 2.8% 2.3% 3.0% Net operating income growth (a) (1.2)% (0.2)% (2.6)% 0.3% Consolidated: Non-Same Store net operating income $475,000 $485,000 $465,000 $475,000 Ancillary net operating income $195,000 $200,000 $200,000 $205,000 Core general and administrative expense (b) $91,000 $97,000 $91,000 $97,000 Interest expense $305,000 $304,000 Preferred dividends $195,000 $195,000 Capital Activity: Development openings $370,000 $370,000 Capital expenditures: Maintenance of real estate facilities $175,000 $150,000 Energy efficiencies (c) $75,000 $50,000 Core FFO per share (a): $16.70 $17.00 $16.45 $17.00 Core FFO per share growth from 2024 Core FFO per share 0.2% 2.0% (1.3)% 2.0% Non-Same Store Net Operating Income Beyond 2025: Incremental Non-Same Store NOI to stabilization (2026 and beyond) $130,000 $110,000 (a) Based on total same store cost of operations and net operating income (i.e., not direct), as reflected in the summary table for Same Store Facilities above. (b) Excludes any significant non-recurring general and administrative expense items. (c) Energy efficiency initiatives primarily include solar panel installation. Third Quarter Conference Call A conference call is scheduled for October 30, 2025 at 9:00 a.m. (PT) to discuss the third quarter earnings results. The domestic dial-in number is (877) 407-9039, and the international dial-in number is (201) 689-8470. A simultaneous audio webcast may be accessed by using the link at www.publicstorage.com under “About Us, Investor Relations, News and Events, Event Calendar.” A replay of the conference call may be accessed through November 13, 2025 by calling (844) 512-2921 (domestic), (412) 317-6671 (international) (access ID n
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.