Oct 29 (Reuters) - Self-storage facilities operator

Public Storage ( PSA ) raised the bottom end of its 2025 funds

from operations (FFO) forecast on Wednesday, citing stronger

property income, solid acquisition activity and improved

earnings.

The Glendale, California-based company now expects annual

core FFO of $16.70 to $17 per share, compared with previous

expectations of $16.45 to $17 per share.

"We are raising our 2025 outlook for the second consecutive

quarter based on outperformance in NOI growth, acquisition

activity, and Core FFO per share growth," CEO Joe Russell said.

The company, which leases storage spaces on a monthly basis

for personal and business use, reported core FFO of $4.31 per

share for the quarter ended September 30, compared with

analysts' estimates of $4.24 per share, according to data

compiled by LSEG.

It owns and operates 3,491 self-storage facilities located

in 40 states in the U.S., as of September 30, 2025, making it

one of the largest self-storage facility operators in the

country.

Revenue for the third quarter stood at $948.9 million,

compared with Wall Street estimates of $1.21 billion.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Anil

D'Silva)