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Public Storage announced Q4 and full year 2025 results, reporting Core FFO of $4.26 per share for the quarter. The company unveiled PS4.0, a strategic initiative involving a generational leadership transition, including the retirement of CEO Joe Russell and appointment of Tom Boyle as successor effective April 1, 2026.
Event Type
Disclosure
Mandatory
Variant
8-K
Results of Operations and Financial Condition and Exhibits On February 12, 2026, Public Storage announced its financial results for the quarter ended December 3
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Public Storage Earnings Press Release dated February 12, 2026. 104 Cover Page Intera
| Metric | Value | Basis |
|---|---|---|
| Net Income per share | $2.60 | GAAP |
| Core FFO per share | $4.26 | Non-GAAP |
| Same Store Revenues | $936.2K | |
| Same Store Net Operating Income | $703.7K | Non-GAAP |
Joe Russell
Effective: 2026-03-31
Generational leadership transition
Tom Boyle
Effective: 2026-04-01
Succession
Joe Fisher
Effective: 2026-02-16
New hire
Ron Havner
Effective: 2026-04-01
Leadership transition
Shankh Mitra
Effective: 2026-04-01
Succession