Public Storage Q1 Core FFO $4.22, net income $2.71; reaffirms FY guidance; CEO Tom Boyle appointed

Public Storage

2026-Q1 EPS reported $2.71 revenue$1,217,741,000

Q1 Core FFO $4.22/share (up 2.4% YoY); net income $2.71/share (up 32.8%).
Same-store NOI margin 77.1% (up 0.4%); revenue $1.00B flat YoY; occupancy 91.5%.
Reaffirmed FY2026 Core FFO guidance $16.35-$17.00/share; same-store NOI growth (3.9)% to (0.5)%.
Tom Boyle appointed CEO and trustee effective April 1, 2026; Shank Mitra appointed Chairman.
Completed $500M 5.00% senior notes due 2035; used proceeds to repay $325M credit line.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Public Storage reported the quarter ended March 31, 2026 results: EPS $2.71. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
EPS: $2.71
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Public Storage (the “Company”) (NYSE: PSA) announced today its results for the quarter ended March 31, 2026 and its updated outlook for full-year 2026. Net income and core funds from operations (“Core FFO”) per share for the quarter are presented below: Three Months Ended March 31, Change Metric (per share) 2026 2025 $ % Net Income $2.71 $2.04 $0.67 32.8% Core FFO $4.22 $4.12 $0.10 2.4%

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Source: SEC EDGAR

accession 0001628280-26-027484

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