Feb 24 (Reuters) - Real estate investment trust Public

Storage ( PSA ) forecast funds from operations for 2025 below

Wall Street expectations on Monday, weighed down by pricing

restrictions following the Los Angeles wildfires.

Last month, two major wildfires plus several smaller ones

created the worst natural disaster in Los Angeles County

history, killing 28 people and damaging or destroying more than

16,000 structures.

After the fires, California Governor Gavin Newsom signed an

executive order which made it illegal to hike prices by more

than 10% above the rates charged immediately before the

emergency declaration on essential consumer goods and services,

including housing.

"Due to the associated pricing restrictions, our guidance

anticipates an approximate $0.23 per share impact to Core FFO in

2025 while portfolio operations outside of Los Angeles continue

to improve," Public Storage ( PSA ) CEO Joe Russell said.

The company, which leases out storage spaces for both

personal and business use on a monthly basis, expects core FFO

in 2025 between $16.35 and $17.00 per share, short of the $17.07

expected by analysts.

Its fourth-quarter core FFO of $4.21 per share also

marginally fell below analysts' average expectation of $4.24,

according to data compiled by LSEG.