Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.

Public Storage

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

US Self-Storage Combined Net Operating Income

US Self-Storage Combined Net Operating Income % Chg.

US Self-Storage Combined Net Operating Income Common Size

Ancillary Operations Combined Net Operating Income

Ancillary Operations Combined Net Operating Income % Chg.

Ancillary Operations Combined Net Operating Income Common Size

Other EBIT

Other EBIT % Chg.

Other EBIT Common Size

Total EBIT

Total EBIT Common Size

Total EBIT % Chg.

Public Storage Number of Properties

Public Storage Number of Properties % Chg.

Public Storage Net Rentable Square Feet

Public Storage Net Rentable Square Feet % Chg.

Shurgard Self Storage SA Number of Properties

Shurgard Self Storage SA Number of Properties % Chg.

Shurgard Self Storage SA Net Rentable Square Feet

Shurgard Self Storage SA Net Rentable Square Feet % Chg.

PS Business Parks, Inc Number of Properties

PS Business Parks, Inc Number of Properties % Chg.

PS Business Parks, Inc Net Rentable Square Feet

PS Business Parks, Inc Net Rentable Square Feet % Chg.

Average Same-Store Occupancy

Average Same-Store Occupancy % Chg.

Same-Store Rent per Available Square Foot (REVPAF)

Same-Store Rent per Available Square Foot (REVPAF) % Chg.

Key Performance Indicators

US Self-Storage Revenue

US Self-Storage Revenue % Chg.

US Self-Storage Revenue Common Size

Ancillary Operations Revenue

Ancillary Operations Revenue % Chg.

Ancillary Operations Revenue Common Size

Other Revenue

Other Revenue % Chg.

Other Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Revenue	LTM	Dec '24	Dec '23
US Self-Storage Revenue	4,460.6	4,396	4,259.6
Ancillary Operations Revenue	325.2	299.6	258.1
Other Revenue	—	—	—
Total Revenue	4,785.7	4,695.6	4,517.7

EBIT	LTM	Dec '24	Dec '23
US Self-Storage Combined Net Operating Income	3,301.9	3,259.3	3,197.7
Ancillary Operations Combined Net Operating Income	192.4	178.3	172.1
Other EBIT	-1,268.6	-1,251.9	-1,077.1
Total EBIT	2,225.7	2,185.7	2,292.6

Key Performance Indicators	LTM	Dec '24	Dec '23
Public Storage Number of Properties	3,152	3,073	3,044
Public Storage Net Rentable Square Feet	227.7	221.3	218.1
Shurgard Self Storage SA Number of Properties	323	318	275
Shurgard Self Storage SA Net Rentable Square Feet	18	17	15
PS Business Parks, Inc Number of Properties	—	—	—
PS Business Parks, Inc Net Rentable Square Feet	—	—	—
Average Same-Store Occupancy	—	92.4%	93%
Same-Store Rent per Available Square Foot (REVPAF)	—	20.9	21.1