Public Storage $(PSA)$ reported its fourth quarter (Q4) and full year (FY) 2025 results. For Q4 2025, total revenues reached USD 1.22 billion, with self-storage facilities contributing USD 1.13 billion and ancillary operations USD 86.87 million. For FY 2025, total revenues amounted to USD 4.82 billion, with self-storage facilities accounting for USD 4.49 billion and ancillary operations USD 334.70 million. Net income per share for Q4 2025 was USD 2.60, which represented a decrease of 19.0%. For FY 2025, net income per share was USD 9.01, down 15.3%. Core funds from operations (Core FFO) per share for 2026 is expected to be between USD 16.35 and USD 17.00. The company’s guidance for 2026 includes same store revenue growth ranging from negative 2.2% to flat, expense growth between 1.5% and 2.8%, and same store net operating income growth between negative 3.9% and negative 0.5%. Non-same store net operating income is projected between USD 335 million and USD 355 million. $Public Storage(PSA-N)$ ended 2025 with ownership and/or operation of 3,533 self-storage facilities in the United States, totaling approximately 258 million net rentable square feet. The company also held a 35% common equity interest in Shurgard Self Storage Limited, which owned 332 self-storage facilities across seven Western European countries, representing approximately 18 million net rentable square feet. During the period, Public Storage highlighted the launch of its PS4.0 initiative, aimed at enhancing the customer and employee experience, accelerating value creation, and supporting long-term growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Public Storage published the original content used to generate this news brief via Business Wire (Ref. ID: 20260212066179) on February 12, 2026, and is solely responsible for the information contained therein.