7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-06-30 2012-09-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-09-29 
      
    		                                                       
      self-storage operations reportable segment
    		                                                       
      revenue
    		1,138,837,000 1,118,658,000 1,102,998,000 1,100,097,000 1,110,115,000 1,099,736,000 1,086,045,000 1,092,588,000 1,078,721,000 1,056,120,000 1,032,184,000 1,028,353,000 1,027,374,000 973,286,000 917,015,000                                         
      yoy
    		2.59% 1.72% 1.56% 0.69% 2.91% 4.13% 5.22% 6.25% 5.00% 8.51% 12.56%                                             
      qoq
    		1.80% 1.42% 0.26% -0.90% 0.94% 1.26% -0.60% 1.29% 2.14% 2.32% 0.37% 0.10% 5.56% 6.14%                                          
      cost of operations:
    		                                                       
      property taxes
    		-119,397,000 -120,308,000 -122,902,000             50,793,000 69,573,000          65,353,000                      43,058,000 146,269,900 39,384,000 40,054,000 41,252,000 38,599,000 38,599,000 
      on-site property manager payroll
    		-40,915,000 -39,448,000 -39,635,000             20,603,000 28,116,000                                       
      repairs and maintenance
    		-23,946,000 -22,984,000 -26,910,000             9,784,750 13,078,000          13,414,000                      12,025,000 45,061,000 10,897,000 10,976,000 10,704,000 10,701,000 10,701,000 
      utilities
    		-17,790,000 -13,493,000 -18,725,000             7,775,500 11,051,000          11,028,000                      9,424,000 37,392,300 10,396,000 8,503,000 9,984,000 10,018,000 10,018,000 
      marketing
    		-26,610,000 -23,890,000 -26,770,000             7,633,750 9,143,000          8,780,000                             
      other direct property costs
    		-30,664,000 -29,689,000 -30,693,000             13,858,250 18,851,000          16,439,000                      9,084,000       
      supervisory payroll
    		-13,234,000 -13,355,000 -13,916,000             -6,942,000 -8,320,000          9,780,000                      8,934,000       
      centralized management costs
    		-19,007,000 -18,585,000 -18,472,000             -9,997,500 -13,757,000                                       
      share-based compensation
    		-2,902,000 -2,965,000 -3,131,000             -3,443,000 -3,720,000                                       
      total cost of operations
    		-294,465,000 -284,717,000 -301,154,000                        169,187,000                      130,682,000 473,494,900 120,525,000 121,958,000 127,425,000 119,422,000 119,422,000 
      net operating income
    		844,372,000 833,941,000 801,844,000 821,727,000 822,680,000 826,235,000 788,631,000 824,716,000 810,936,000 798,442,000 763,569,000 787,097,000 771,904,000 735,297,000 671,521,000 832,027,000 540,441,000          419,560,000                      253,246,000 1,033,547,400 269,476,000 249,895,000 235,512,000 245,668,000 245,668,000 
      depreciation and amortization
    		-290,364,000 -283,216,000 -282,715,000 -280,891,000 -280,330,000 -283,342,000 -285,203,000 -287,525,000 -238,748,000 -222,133,000 -221,650,000 -226,538,000 -220,772,000 -218,708,000 -222,128,000   172,728,000 146,859,000 102,962,750 138,333,000 137,618,000 135,900,000 94,508,250 129,233,000 126,859,000  90,568,000 124,516,000 119,777,000 117,979,000 120,100,000 113,320,000 110,177,000 110,929,000 111,741,000 109,432,000 107,013,000 105,128,000 106,307,000 106,082,000 106,473,000 107,146,000 111,077,000 106,443,000 109,021,000 90,937,000 89,897,000        
      net income
    		554,008,000 550,725,000 519,129,000 540,836,000 542,350,000 542,893,000 503,428,000 537,191,000 572,188,000 576,309,000 541,919,000 560,559,000 551,132,000 516,589,000 449,393,000 450,678,000 427,785,000 411,730,000 434,262,000 317,462,000 325,847,000 315,812,000 367,136,000 224,363,000 399,420,000 371,456,000 323,736,000 173,677,000 379,589,000 405,292,000 344,436,000 390,963,000 358,274,000 355,207,000 344,021,000 415,681,000 369,050,000 358,359,000 317,349,000 365,259,000 341,136,000 328,040,000 283,254,000 294,977,000 278,279,000 228,273,000 261,679,000 264,819,000 176,764,000 722,421,800 191,022,000 171,368,000 159,385,000 169,788,000 169,788,000 
      yoy
    		2.15% 1.44% 3.12% 0.68% -5.21% -5.80% -7.10% -4.17% 3.82% 11.56% 20.59% 24.38% 28.83% 25.47% 3.48% 41.96% 31.28% 30.37% 18.28% 41.49% -18.42% -14.98% 13.41% 29.18% 5.22% -8.35% -6.01% -55.58% 5.95% 14.10% 0.12% -5.95% -2.92% -0.88% 8.40% 13.80% 8.18% 9.24% 12.04% 23.83% 22.59% 43.71% 8.24% 11.39% 57.43% -68.40% 36.99% 54.53% 10.90% 325.48% 12.51%     
      qoq
    		0.60% 6.09% -4.01% -0.28% -0.10% 7.84% -6.29% -6.12% -0.72% 6.35% -3.33% 1.71% 6.69% 14.95% -0.29% 5.35% 3.90% -5.19% 36.79% -2.57% 3.18% -13.98% 63.63% -43.83% 7.53% 14.74% 86.40% -54.25% -6.34% 17.67% -11.90% 9.12% 0.86% 3.25% -17.24% 12.64% 2.98% 12.92% -13.12% 7.07% 3.99% 15.81% -3.97% 6.00% 21.91% -12.77% -1.19% 49.82% -75.53% 278.19% 11.47% 7.52% -6.13% 0.00%  
      net income margin %
    		48.65% 49.23% 47.07% 49.16% 48.86% 49.37% 46.35% 49.17% 53.04% 54.57% 52.50% 54.51% 53.64% 53.08% 49.01%                                         
      ancillary operations
    		                 52,322,000 50,915,000 33,333,000 46,708,000 44,743,000 41,881,000 30,449,750 41,558,000 41,611,000  29,615,250 39,752,000 40,322,000 38,387,000 29,501,250 40,123,000 40,113,000 37,769,000 29,248,000 39,991,000 39,801,000 37,200,000 27,431,250 37,896,000 41,603,000 38,757,000 37,325,000 37,234,000 34,037,000 33,802,000 32,013,000        
      cost of operations
    		-36,385,000 -33,288,000 -30,693,000 737,069,000 -287,435,000 -273,501,000 -297,414,000 -267,872,000 -267,785,000 -257,678,000 -268,615,000 -241,256,000 -255,470,000 -237,989,000 -245,494,000                                         
      total net income allocated to segments
    		602,829,000 599,873,000 568,622,000 585,762,000 585,728,000 588,825,000 547,534,000 581,512,000 616,128,000 617,757,000 584,291,000 602,347,000 590,317,000 558,138,000 490,308,000                                         
      other items not allocated to segments:
    		                                                       
      real estate acquisition and development expense
    		-2,837,000 -2,538,000 -7,423,000 -6,352,000 -2,530,000 -2,907,000 -3,717,000                                                 
      general and administrative
    		-28,783,000 -25,727,000 -25,184,000 -32,547,000 -26,214,000 -26,580,000 -21,336,000 -1,029,000 -28,625,000 -25,434,000 -25,544,000 -33,341,000 -29,501,000 -28,831,000 -23,069,000   27,740,000 19,574,000 15,661,500 21,288,000 20,294,000 21,064,000 12,918,750 16,908,000 15,264,000  22,569,500 27,429,000 31,329,000 31,520,000 20,551,000 22,311,000 14,992,000 25,028,000 20,148,000 22,140,000 18,321,000 23,047,000 19,456,000 23,573,000 20,988,000 24,160,000 17,874,000 15,377,000 18,989,000 14,085,000 15,298,000        
      interest and other income
    		21,012,000 12,789,000 13,234,000 14,964,000 20,029,000 18,253,000 13,966,000 16,209,000 32,295,000 18,452,000 18,634,000 14,173,000 12,736,000 10,279,000 3,379,000   3,113,000 2,852,000 4,881,000 7,214,000 5,831,000 6,479,000 5,503,000 6,465,000 8,582,000  4,723,000 7,020,000 6,328,000 5,544,000 6,049,000 4,569,000 4,155,000 3,998,000 3,524,000 3,750,000 4,028,000 3,836,000 5,035,000 3,659,000 934,000 672,000 749,000 1,000,000 2,402,000 5,516,000 5,444,000  6,304,500 6,875,000 10,575,000 7,768,000 6,775,000 6,775,000 
      interest expense
    		-79,692,000 -71,609,000 -72,009,000 -72,135,000 -74,252,000 -73,236,000 -67,778,000 -68,602,000 -58,350,000 -38,079,000 -36,101,000 -36,141,000 -34,113,000 -32,941,000 -33,124,000   21,994,000 15,250,000 10,512,000 14,282,000 14,145,000 13,621,000 8,248,500 12,597,000 12,254,000  -6,147,250 -8,094,000 -8,388,000 -8,107,000 -8,137,000 -2,389,000 -1,116,000 -1,048,000 -900,000 -1,221,000 -1,378,000 -711,000     -1,238,000 -2,063,000 -3,480,000 -647,000 -4,926,000  -4,694,750 -5,862,000 -5,933,000 -6,984,000 -7,838,000 -7,838,000 
      equity in earnings of unconsolidated real estate entities
    		3,674,000 -2,230,000 3,627,000    6,090,000 5,110,000 7,227,000 9,565,000 5,995,000 6,852,000 8,180,000 48,525,000 43,424,000   29,066,000 19,456,000 15,715,750 21,240,000 17,655,000 23,968,000 13,907,750 19,045,000 18,914,000  22,632,250 17,771,000 41,963,000 30,795,000 14,308,750 17,218,000 20,068,000 19,949,000 10,407,000 17,237,000 10,227,000 14,164,000 9,066,750 12,603,000 7,480,000 16,184,000  14,135,000 14,604,000 13,101,000 12,642,000        
      foreign currency exchange gain
    		899,000 -146,070,000 -68,695,000 122,824,000 -70,572,000 12,449,000 37,543,000 -71,121,000 47,880,000 -1,096,000 -26,860,000 -138,956,000 100,170,000 101,723,000 35,377,000   -12,707,000 45,385,000 -13,062,500 -41,900,000 -19,295,000 8,945,000 4,536,750 15,574,000 -5,218,000  3,184,500 2,612,000 21,944,000    -25,440,000    8,632,000      -3,012,000 -1,675,000  5,924,000 9,019,000  3,373,750 -28,253,000 10,496,000 31,252,000 55,455,000 55,455,000 
      gain on sale of real estate
    		502,000 163,000 45,000 109,000 554,000  874,000 17,090,000 88,000    1,503,000     3,991,000 9,413,000 279,250   1,117,000 85,250  341,000  456,250 1,401,000  424,000                         
      income tax expense
    		-2,831,000 -3,240,000 -1,426,000 1,373,000 -2,488,000 -2,075,000 -1,479,000                                                 
      equity in earnings of unconsolidated real estate entity
    		   3,864,500 2,888,000 6,480,000                                                  
      gain on sale of equity investment in ps business parks, inc.
    		            2,128,860,000                                           
      revenues
    		                                                       
      rental income
    		               495,568,500 694,589,000          562,630,000                      364,128,000 1,428,289,700 368,645,000 352,801,000 344,340,000 346,643,000 346,643,000 
      late charges and administrative fees
    		               15,139,500 21,461,000                                19,800,000 78,741,400 21,356,000 19,052,000 18,597,000 18,447,000 18,447,000 
      total revenues
    		               510,708,000 716,050,000          588,747,000                      383,928,000 1,507,045,200 390,001,000 371,853,000 362,937,000 365,090,000 365,090,000 
      direct cost of operations
    		                                                       
      total direct cost of operations
    		               110,448,250 149,812,000                                       
      direct net operating income
    		               400,259,750 566,238,000                                       
      indirect cost of operations
    		                                                       
      depreciation and amortization expense
    		               -83,019,750 -112,656,000                                -76,482,000 -311,122,800 -78,454,000 -78,527,000 -76,127,000 -75,880,000 -75,880,000 
      gross margin
    		               19,600 79,100                                66,000 65,900 69,100 67,200 64,900 67,300 67,300 
      yoy
    		                                                1.69% -2.08% 2.67%     
      qoq
    		               -75.22%                                 0.15% -4.63% 2.83% 3.54% -3.57% 0.00%  
      gross margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%                                         
      weighted-average for the period:
    		                                                       
      square foot occupancy
    		               24,125 96,800          92,500                      90,300 89,800 92,200 92,300 89,800 91,000 91,000 
      realized annual rental income per
    		                                                       
      occupied square foot
    		               4,605 19,300          17,410                             
      available square foot
    		               4,442.5 18,680          16,100                             
      at september 30:
    		                                                       
      annual contract rent per occupied square foot
    		               4,890                                        
      revenues:
    		                                                       
      self-storage facilities
    		                 776,993,000 716,347,000 505,673,000 683,949,000 664,542,000 674,201,000 501,881,250 687,778,000 669,339,000  485,839,750 666,616,000 645,206,000 631,537,000 469,553,750 646,238,000 624,199,000 607,778,000 448,032,500 623,157,000 594,387,000 574,586,000 415,660,250 580,976,000 551,028,000 530,637,000 534,271,000 500,803,000 485,587,000 451,576,000 440,918,000        
      expenses:
    		                                                       
      self-storage cost of operations
    		                 202,595,000 212,105,000 156,954,250 206,067,000 213,825,000 207,925,000 147,527,000 200,369,000 196,083,000  136,425,000 183,637,000 179,876,000 182,187,000 129,122,000 173,315,000 171,195,000 171,978,000 120,863,750 165,905,000 157,687,000 159,863,000 115,269,500 152,010,000 147,826,000 161,242,000 146,979,000 142,427,000 156,068,000 132,137,000 127,367,000        
      ancillary cost of operations
    		                 15,991,000 16,318,000 8,530,250 11,394,000 11,782,000 10,945,000 8,522,750 11,893,000 11,653,000  8,412,000 11,907,000 11,101,000 10,640,000 9,902,750 17,304,000 11,383,000 10,924,000 10,115,500 12,722,000 14,317,000 13,423,000 9,178,750 12,676,000 14,406,000 11,920,000 13,014,000 8,127,000 18,451,000 10,434,000 9,857,000  -7,076,000 -9,793,000 -9,597,000 -8,914,000 -7,091,000 -7,091,000 
      other increases (decreases) to net income:
    		                                                       
      allocation to noncontrolling interests
    		                 -1,304,000 -1,226,000 -712,250 -980,000 -889,000 -980,000 -1,008,750 -1,478,000 -1,400,000  -1,122,750 -1,562,000 -1,490,000 -1,439,000 -1,171,000 -1,600,000 -1,505,000 -1,579,000 -1,230,250 -1,745,000 -1,700,000 -1,476,000 -1,169,000 -1,568,000 -1,635,000 -1,473,000 -1,518,000 -1,445,000 -1,077,000 -1,216,000 -927,000        
      net income allocable to public storage shareholders
    		                 410,426,000 433,036,000 251,486,500 324,867,000 314,923,000 366,156,000 283,629,750 397,942,000 370,056,000  281,206,500 378,027,000 403,802,000 342,997,000 263,204,500 356,674,000 353,702,000 342,442,000 259,959,250 367,305,000 356,659,000 315,873,000 236,938,500 339,568,000 326,405,000 281,781,000 293,459,000 276,834,000 227,196,000 260,463,000 263,892,000        
      allocation of net income to:
    		                                                       
      preferred shareholders
    		                 -46,183,000 -46,080,000               -61,281,000 -60,121,000 -44,666,500 -57,178,000 -59,216,000 -62,272,000 -46,516,500 -61,062,000 -61,449,000 -63,555,000 -60,763,000 -57,672,000           
      preferred shareholders - redemptions
    		                 -16,989,000  -9,595,500 -23,313,000 -15,069,000  -6,635,000 -9,146,000 -8,861,000      -7,332,500 -14,692,000 -14,638,000  -6,718,250  -15,537,000 -11,336,000 -2,224,250 -4,113,000  -4,784,000             
      restricted share units
    		                 -1,005,000 -1,146,000 -636,500 -746,000 -783,000 -1,017,000 -974,500 -1,406,000 -1,259,000  -947,500 -1,268,000 -1,425,000 -1,097,000 -875,500 -1,210,000 -1,102,000 -1,190,000 -807,750 -1,170,000 -1,131,000 -930,000 -686,000 -885,000 -1,030,000 -829,000 -881,000 -810,000 -637,000 -871,000         
      net income allocable to common shareholders
    		                 346,249,000 385,810,000 201,542,250 246,916,000 246,119,000 313,134,000 236,379,000 337,362,000 306,411,000  239,699,500 322,679,000 348,300,000 287,819,000 209,382,250 279,717,000 276,681,000 281,131,000 207,766,750 308,957,000 280,775,000 241,335,000 187,511,750 273,508,000 263,926,000 212,613,000 231,815,000 218,352,000 174,052,000 207,685,000 202,465,000        
      net income per common share:
    		                                                       
      basic
    		                 1,980 2,210 1,155 1,410 1,410 1,800 1,357.5 1,940 1,760  1,377.5 1,850 2,000 1,660 1,207.5 1,610 1,590 1,620 1,200 1,780 1,620 1,400 1,085 1,580 1,530              
      diluted
    		                 1,970 2,210 1,155 1,410 1,410 1,790 1,355 1,930 1,760  1,375 1,850 2,000 1,650 1,202.5 1,610 1,590 1,620 1,195 1,780 1,610 1,390 1,080 1,580 1,520              
      basic weighted-average common shares outstanding
    		                 174,824,000 174,611,000  174,503,000 174,493,000 174,446,000  174,334,000 174,253,000   173,975,000 173,932,000 173,892,000  173,715,000 173,602,000 173,364,000  173,108,000 173,087,000 172,977,000  172,771,000 172,629,000 172,520,000 172,378,000 172,282,000 171,910,000 171,625,000         
      diluted weighted-average common shares outstanding
    		                 175,547,000 174,840,000  174,626,000 174,575,000 174,616,000  174,611,000 174,542,000   174,348,000 174,224,000 174,148,000  174,240,000 174,075,000 174,069,000  173,848,000 174,000,000 173,850,000  173,529,000 173,387,000 173,366,000  173,181,000 172,809,000 172,647,000         
      other increases to net income:
    		                                                       
      preferred shareholders - distributions
    		                   -39,712,250 -53,892,000 -52,952,000 -52,005,000 -39,641,250 -50,028,000 -53,525,000  -40,559,500 -54,080,000 -54,077,000 -54,081,000 -45,614,250 -61,055,000             -52,507,000 -51,907,000         
      late charges and
    		                                                       
      administrative fees
    		                          26,117,000                             
      on-site property manager
    		                                                       
      payroll
    		                          30,263,000                             
      allocated overhead
    		                          14,130,000                      11,724,000       
      depreciation and
    		                                                       
      amortization expense
    		                          -95,824,000                             
      gross margin (before depreciation
    		                                                       
      and amortization expense)
    		                          71,300                             
      at march 31:
    		                                                       
      annual contract rent per
    		                                                       
      operating income
    		                           257,480,500 358,879,000 343,445,000 327,598,000 379,778,000 360,111,000 356,565,000 326,688,000 374,372,000 352,949,000 336,850,000 310,325,000 345,858,000 324,531,000 302,938,000 264,926,000 282,652,000 265,663,000 217,095,000 237,785,000 230,512,000        
      yoy
    		                           -32.20% -0.34% -3.68% 0.28% 1.44% 2.03% 5.85% 5.27% 8.24% 8.76% 11.19% 17.14% 22.36% 22.16% 39.54% 11.41% 22.62%            
      qoq
    		                           -28.25% 4.49% 4.84% -13.74% 5.46% 0.99% 9.15% -12.74% 6.07% 4.78% 8.55% -10.27% 6.57% 7.13% 14.35% -6.27% 6.39% 22.37% -8.70% 3.16%         
      operating margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%                                         
      casualty loss
    		                                -7,789,000                       
      foreign currency exchange loss
    		                              -11,818,000 -11,113,000 -13,446,000  -5,566,000 -1,496,750 -3,665,000  -10,954,000       -2,348,000          
      gain on real estate investment sales
    		                               446,000  975,000     689,000                 
      gain on real estate sales
    		                                       4,625,750 343,000 16,688,000 1,472,000 1,260,000 1,219,000           
      cash dividends declared per common share
    		                                       1,200 1,700 1,700 1,400 1,400 1,400 1,400 1,250 1,100        
      net income allocable to common shareholders per common share:
    		                                                       
      basic
    		                                          1,230  1,270 1,010          
      diluted
    		                                          1,230  1,260 1,010          
      equity in earnings of unconsolidated real
    		                                                       
      estate entities
    		                                           14,566,000            
      per common share:
    		                                                       
      basic
    		                                           1,340            
      diluted
    		                                           1,340            
      diluted weighted-average common shares
    		                                                       
      outstanding
    		                                           173,304,000            
      income from continuing operations
    		                                              261,679,000 252,884,000        
      discontinued operations
    		                                               11,935,000  279,500 1,392,000  -355,000 2,707,000 2,707,000 
      net income per common share – basic
    		                                                       
      continuing operations
    		                                              1,210 1,120        
      net income per common share – diluted
    		                                                       
      operating revenues:
    		                                                       
      operating expenses:
    		                                                       
      asset impairment charges
    		                                                 -546,500 -2,186,000     
      gain on real estate sales and debt retirement
    		                                               193,000        
      allocation to preferred shareholders - distributions
    		                                               -49,267,000        
      allocation to preferred shareholders - redemptions
    		                                               -11,350,000        
      allocation to restricted share units
    		                                               -810,000        
      net income per common share
    		                                                       
      basic
    		                 1,980 2,210 1,155 1,410 1,410 1,800 1,357.5 1,940 1,760  1,377.5 1,850 2,000 1,660 1,207.5 1,610 1,590 1,620 1,200 1,780 1,620 1,400 1,085 1,580 1,530              
      continuing operations
    		                                              1,210 1,120        
      diluted
    		                                                       
      weighted-average common shares outstanding
    		                                                       
      basic
    		                               173,613,000    173,091,000    172,699,000        170,576,000        
      diluted
    		                                               171,700,000        
      on site property manager payroll
    		                                                25,928,000       
      media advertising
    		                                                3,145,000  2,110,000 3,291,000 3,998,000 3,045,000 3,045,000 
      other advertising and selling expense
    		                                                7,360,000       
      realized annual rent per occupied square foot
    		                                                13,170 8,900 13,150 12,580 12,620 12,660 12,660 
      revpaf
    		                                                11,890 6,350 12,130 11,610 11,330 11,520 11,520 
      weighted-average at march 31:
    		                                                       
      in place annual rent per occupied square foot
    		                                                13,960    13,380   
      total net rentable square feet
    		                                                122,464,000    121,582,000   
      number of facilities
    		                                                1,941,000    1,931,000   
      net operating income:
    		                                                       
      same store facilities
    		                                                 188,720,750 269,476,000 249,895,000 235,512,000 245,668,000 245,668,000 
      other facilities
    		                                                 11,859,750 17,652,000 15,693,000 14,237,000 16,062,000 16,062,000 
      total net operating income from self-storage
    		                                                 200,580,500 287,128,000 265,588,000 249,749,000 261,730,000 261,730,000 
      depreciation and amortization expense:
    		                                                       
      total depreciation and amortization expense from self-storage
    		                                                 -66,653,500 -90,276,000 -88,531,000 -87,869,000 -91,993,000 -91,993,000 
      net income:
    		                                                       
      total net income from self-storage
    		                                                 133,927,000 196,852,000 177,057,000 161,880,000 169,737,000 169,737,000 
      ancillary operating revenue
    		                                                 21,454,250 30,011,000 28,891,000 26,915,000 26,588,000 26,588,000 
      depreciation and amortization, commercial
    		                                                 -496,750 -659,000 -655,000 -673,000 -655,000 -655,000 
      general and administrative expense
    		                                                 -10,236,000 -14,116,000 -12,593,000 -14,235,000 -8,910,000 -8,910,000 
      equity in earnings of real estate entities
    		                                                 10,438,750 15,269,000 12,770,000 13,716,000 9,043,000 9,043,000 
      gains on real estate sales and debt retirement
    		                                                 1,277,750 4,983,000     
      net income of the company
    		                                                 154,005,500 194,513,000 210,941,000 210,568,000 245,811,000 245,811,000 
      direct property payroll
    		                                                  25,103,000 25,230,000 25,580,000 25,023,000 25,023,000 
      other advertising and promotion
    		                                                 23,517,900 5,712,000 6,738,000 5,706,000 5,497,000 5,497,000 
      telephone reservation center
    		                                                  2,359,000 2,485,000 2,491,000 2,872,000 2,872,000 
      property insurance
    		                                                  2,240,000 2,530,000 2,461,000 2,376,000 2,376,000 
      other cost of management
    		                                                 91,439,400 22,324,000 22,151,000 25,249,000 21,291,000 21,291,000 
      weighted-average at september 30:
    		                                                       
      gains on disposition of real estate investments
    		                                                   -70,000 198,000   
      gain on early retirement of debt
    		                                                       
      weighted-average at june 30:
    		                                                       
      gain on early debt retirement
    		                                                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.