Public Storage released an operating update for the three months and year ended December 31, 2025. For the year, the company acquired 87 self-storage facilities totaling 6.1 million net rentable square feet for $942.2 million. The Same Store Facilities, consisting of 2,565 locations with 175.3 million net rentable square feet, reported a square foot occupancy rate of 91.0% at year-end, up from 90.5% the previous year. The annual contract rent per occupied square foot was $22.55, a decrease of 0.7% compared to $22.72 in 2024. For tenants moving out during the year, the average annual contract rent per square foot was $20.30, down 1.4% from $20.59 in 2024. Contract rents lost from move-outs totaled $2.51 billion, a 2.6% decrease from $2.58 billion in the prior year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. $Public Storage(PSA-N)$ published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-001156), on January 07, 2026, and is solely responsible for the information contained therein.