secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001628280-26-007684
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage Q4 net income $2.60/share (-19% YoY); CEO Joe Russell retiring, Tom Boyle named successor
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- Q4 net income $2.60 per share vs $3.21 YoY; Core FFO $4.26 vs $4.21 (+1.2%).
- Full-year 2025 net income $9.01 per share (-15.3%); Core FFO $16.97 (+1.8%).
- Same Store NOI margin 78.4% Q4; guidance 2026 Core FFO $16.35-$17.00 per share.
- Acquired 13 facilities for $131M in Q4; 87 facilities for $945.6M in FY2025.
- Leadership transition: CEO Joe Russell retires March 31, 2026; Tom Boyle (CFIO) becomes CEO April 1; Joe Fisher named President/CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026007684/0001628280-26-007684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026007684/psa-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-007684

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