Public Storage Announces Q4 2025 Results and Key Leadership Transition

Summary

Public Storage reported its financial results for the quarter and year ended December 31, 2025, with net income per share of $2.60 for Q4 2025 and $9.01 for the full year. The company announced a leadership transition, with Joe Russell retiring as CEO and Tom Boyle appointed as his successor, effective April 1, 2026. Joe Fisher will join as CFO starting February 16, 2026. The company also announced PS4.0, a strategic vision for future growth. The company's same-store facilities showed a 1.5% decrease in net operating income (NOI) for Q4 2025 and a 0.5% decrease for the full year, while core Funds From Operations (FFO) per share increased by 1.2% for Q4 2025 and 1.8% for the full year.