Public Storage (PSA) Prepares for Q2 2025 Earnings Release and Conference Call

GLENDALE, Calif. – July 10, 2025 – Public Storage (NYSE: PSA), a leading self-storage real estate investment trust (REIT), today announced its schedule for the release of its second quarter 2025 financial results. The highly anticipated earnings report will be made public after the market closes on Wednesday, July 30, 2025. This release will provide investors and analysts with a comprehensive look into the company's performance during the quarter, including key metrics such as revenue, net income, funds from operations (FFO), and occupancy rates.

Following the earnings release, Public Storage will host a conference call on Thursday, July 31, 2025, at 9:00 a.m. Pacific Time (PT). This call is a crucial opportunity for the company's management team to discuss the results in detail, provide insights into operational highlights, and offer forward-looking guidance. Investors and interested parties are strongly encouraged to participate to gain a deeper understanding of the company's strategic initiatives and outlook.

Accessing the Conference Call

Public Storage has provided multiple avenues for participation in the live conference call:

• Domestic Dial-in: (877) 407-9039
• International Dial-in: (201) 689-8470
• Webcast: A live audio webcast will be accessible via the 'Event Calendar' section of the company's investor relations website. This option is particularly useful for those who prefer to follow along with any accompanying slides or presentations.

For those unable to attend the live event, a replay of the conference call will be available shortly after its conclusion. The replay can be accessed using the following numbers:

• Domestic Replay Dial-in: (844) 512-2921
• International Replay Dial-in: (412) 317-6671

Market Context and Investor Implications

The self-storage sector has demonstrated resilience and growth in recent years, driven by factors such as population mobility, increasing urbanization, and the growing need for flexible storage solutions. Public Storage, as one of the largest players in this market, is a bellwether for the industry's health. Investors will be closely watching several key performance indicators (KPIs) in the upcoming report.

Key Metrics to Watch:

• Occupancy Rates: A critical indicator of demand and operational efficiency. Higher occupancy generally translates to stronger revenue.
• Rental Rates: Changes in average rental rates per square foot will reflect pricing power and market conditions.
• Funds From Operations (FFO): As a REIT, FFO is a more accurate measure of profitability than traditional net income, as it adjusts for depreciation and amortization.
• Same-Store Net Operating Income (NOI): This metric provides insight into the performance of properties that have been operational for at least a year, offering a clearer picture of organic growth.
• Acquisition and Development Pipeline: Updates on new property acquisitions or development projects will signal future growth potential.
• Dividend Payouts: As a REIT, Public Storage is required to distribute a significant portion of its taxable income to shareholders, making its dividend yield a key attraction for income-focused investors.

Investment Insights

Investors should pay close attention to management's commentary on current market trends, particularly regarding supply and demand dynamics in key geographic markets. Any insights into the impact of interest rate fluctuations on financing costs and property valuations will also be crucial. Furthermore, the company's outlook on capital allocation, including potential share buybacks or future acquisitions, could significantly influence investor sentiment.

Analysts will be keen to hear about any shifts in consumer behavior, such as the duration of storage rentals or the types of customers utilizing their services. Public Storage's ability to leverage technology for improved customer experience and operational efficiency will also be a point of interest. A strong earnings report, coupled with positive guidance, could reinforce PSA's position as a stable income-generating asset within a diversified portfolio. Conversely, any signs of weakening demand or increased competition could lead to re-evaluation by the market.

This earnings release and subsequent conference call will provide essential data points for investors to assess Public Storage's financial health, operational efficiency, and strategic direction in the evolving self-storage landscape.