Public Storage posted a new investor presentation on December 8, providing an operating update for its same-store portfolio through November 30, 2025. Move-in activity showed slightly higher square footage but lower contract rents compared with the prior year, while promotional discounts declined. Move-out activity softened modestly, with lower square footage and slightly reduced contract rents lost year over year.

Occupancy at month-end held steady at 91.2 percent, and annual contract rent per occupied square foot dipped slightly to 22.59 dollars. The company also reported acquiring or contracting to acquire 88 facilities totaling 6.1 million rentable square feet for 949.4 million dollars so far this year.