By Dean Seal

$Public Storage(PSA-N)$ logged higher earnings in the third quarter thanks to advantageous shifts in foreign currency translation and better profitability in the self-storage business.

The self-storage real-estate investment trust posted a profit of $511.1 million, up from $430.3 million a year earlier. Earnings per share were $2.62, up from $2.16 a year earlier.

Total revenue rose to $1.22 billion, in line with analyst projections of $1.21, according to a survey of analysts by FactSet.

The profit boost came largely from a foreign currency gain associated with the company's Euro-denominated notes payable, along with increases in self-storage operating income, depreciation expense and interest expense.

Revenue from its self-storage facilities ticked up, while ancillary operations, such as tenant reinsurance, notched stronger growth.

Public Storage now expects revenue to rise up to 0.3% or fall up to 0.3%. It had previously guided for a 1.3% drop or a gain of up to 0.8%.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

October 29, 2025 16:33 ET (20:33 GMT)

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