Public Storage Stock Price, News & Analysis

Public Storage (NYSE: PSA) announced PS4.0, a generational leadership and strategy shift effective April 1, 2026, including Tom Boyle as CEO and a new non-executive chair, Shankh Mitra. The plan centers on a PS Next operating platform, a Value Creation Engine and an Own It culture.

The company highlighted recent scale and capital activity: $12 billion deployed over five years, $10 billion of private acquisitions in five years, a 78.4% direct operating margin, and ownership/operation of 3,533 facilities as of December 31, 2025. Headquarters will relocate to Frisco, Texas.

Public Storage (NYSE:PSA) will release fourth quarter 2025 earnings after market close on Thursday, February 12, 2026. A conference call to discuss results is scheduled for Friday, February 13, 2026 at 9:00 a.m. PT.

Live domestic dial-in is (877) 407-9039, international dial-in (201) 689-8470, and a webcast will be available via the company's event calendar. A replay is available with domestic dial-in (844) 512-2921, international replay (412) 317-6671, Access ID 13758108, and will be accessible through February 27, 2026.

As of September 30, 2025, the company owned and/or operated 3,491 self-storage facilities in 40 states totaling approximately 254 million net rentable square feet, and held a 35% equity interest in Shurgard, which owned 323 facilities (~18 million net rentable square feet) in Western Europe.

Public Storage (NYSE:PSA) reported the tax classification of its 2025 dividends: for each quarter of 2025, distributions to holders of PSA common and preferred stock were classified as 100.0000% ordinary dividends and 0.0000% capital gain distributions.

The ordinary dividends are not qualified dividend income, but for non-corporate shareholders they qualify as qualified REIT dividends for determining qualified business income. The figures are preliminary and subject to correction with tax filings; no material change is expected.

Company scale: 3,491 U.S. self-storage facilities (~254 million rentable sq ft) and a 35% Shurgard equity interest (323 facilities, ~18 million rentable sq ft).

Public Storage (NYSE:PSA) reported results for the three and nine months ended September 30, 2025. Q3 net income allocable to common shareholders was $2.62 per diluted share and Core FFO was $4.31 per diluted share. Q3 FFO per share rose 13.9% year-over-year. The company acquired 49 facilities (3.4M sqft) for $511.4M in Q3 and year-to-date completed or is under contract to acquire 6.1M sqft for ~$934.5M. Development and expansion projects added 0.3M sqft in Q3 and 1.1M sqft year-to-date; the pipeline is expected to add 3.9M sqft at ~$649.2M. Management said it raised 2025 outlook following stronger NOI, acquisitions, and Core FFO growth.

Public Storage (NYSE:PSA) will release Q3 2025 earnings after market close on Wednesday, October 29, 2025, and will host a quarterly conference call on Thursday, October 30, 2025 at 9:00 a.m. PT.

Dial-in numbers: domestic (877) 407-9039, international (201) 689-8470. Replay domestic (844) 512-2921, international (412) 317-6671, Access ID 13756337; replay available through November 13, 2025. A webcast will be available via the company's Event Calendar.

As of June 30, 2025, Public Storage owned/operated 3,432 facilities across 40 states (~250 million net rentable sq ft) and held a 35% equity interest in Shurgard, which owned 321 facilities (~18 million sq ft) in seven Western European nations.

Public Storage (NYSE:PSA) has announced that its subsidiary, Public Storage Operating Company (PSOC), has priced a public offering of €425 million senior notes due 2034. The notes will bear interest at 3.500% annually, issued at 99.447% of par value, with interest payable annually starting January 20, 2026.

The proceeds will be used to repay €242 million of existing 2.175% senior notes due November 2025 and for general corporate purposes, including self-storage facility investments. The offering is expected to close on October 3, 2025. As of June 30, 2025, Public Storage operated 3,432 self-storage facilities across 40 U.S. states and held a 35% stake in Shurgard Self Storage in Europe.

Public Storage (NYSE:PSA), a leading self-storage REIT and S&P 500 member, has declared its third quarter 2025 dividends. The company announced a quarterly common dividend of $3.00 per share, payable on September 30, 2025, to shareholders of record as of September 15, 2025.

As of June 30, 2025, Public Storage maintains a substantial presence with 3,432 self-storage facilities across 40 states, comprising approximately 250 million net rentable square feet in the United States. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 321 facilities across seven Western European nations.

Public Storage (NYSE:PSA) and Ki Corporation have withdrawn their non-binding indicative offer to acquire Abacus Storage King (ASX:ASK) after completing due diligence. The decision came as the Consortium could not align with Abacus Storage King's Independent Board Committee's value assessment.

Public Storage's CEO Joe Russell emphasized the company's financial discipline and highlighted their current growth trajectory, noting $785 million in acquisitions completed or under contract as of mid-year. The company currently operates 3,432 self-storage facilities across 40 states with approximately 250 million net rentable square feet in the United States, and holds a 35% equity stake in Shurgard Self Storage Limited.

Public Storage (NYSE:PSA) reported Q2 2025 financial results with net income of $1.76 per diluted share, down from $2.66 in Q2 2024. The company's Core FFO increased to $4.28 per share, up 1.2% year-over-year.

Key operational metrics show Same Store direct net operating income margin of 78.8% and occupancy of 92.6%. The company expanded through acquisitions of 16 facilities for $162.3 million and has 47 additional facilities under contract for $481.9 million. Development initiatives added 0.2 million square feet at a cost of $64.0 million.

Public Storage completed a $875 million public offering of unsecured senior notes and appointed Luke Petherbridge as a new independent trustee. The company raised its outlook based on stabilizing operations and accelerated acquisition volume, with over $1.1 billion of investment anticipated in 2025.