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Form 8-K · Current Report · Filed 2026-02-12

Public Storage Announces Q4 2025 Results and Key Leadership Transition

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.

Filer
PSA PSA
Filed
Accession
0001628280-26-007684
CIK
0001393311
Signal
High impact

Details

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.

Items reported

Item events

Reported Item

Earnings Beat Earnings Miss Key Executive Appointment Key Executive Departure Strategic Partnership Announced

Market reaction

Close before filing

$293.84

Next session

+2.2%

Since filing

+10.3%

Latest close

$324.17

What happened, not what will happen — closing prices around the filing date.

Precedent

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