Public Storage (PSA) Q4 2025 Earnings Call Transcript

SA Transcripts158.39K FollowersFollow5ShareSaveCommentsQ4: 2026-02-12 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $2.61 beats by $0.12 | Revenue of $1.22B (3.26% Y/Y) beats by $4.97M Public Storage (PSA) Q4 2025 Earnings Call February 13, 2026 12:00 PM EST Company Participants Brandon ReaganJoseph Russell - CEO, President & TrusteeH. Boyle - Senior VP, Chief Investment Officer & CFOJoe Fisher Conference Call Participants Nicholas Joseph - Citigroup Inc., Research DivisionEric Wolfe - Citigroup Inc., Research DivisionSpenser Allaway - Green Street Advisors, LLC, Research DivisionJuan Sanabria - BMO Capital Markets Equity ResearchSamir Khanal - BofA Securities, Research DivisionRonald Kamdem - Morgan Stanley, Research DivisionViktor Fediv - Scotiabank Global Banking and Markets, Research DivisionMichael Goldsmith - UBS Investment Bank, Research DivisionTodd Thomas - KeyBanc Capital Markets Inc., Research DivisionBrad Heffern - RBC Capital Markets, Research DivisionRavi Vaidya - Mizuho Securities USA LLC, Research DivisionMichael Griffin - Evercore ISI Institutional Equities, Research DivisionHong Zhang - JPMorgan Chase & Co, Research DivisionBrendan Lynch - Barclays Bank PLC, Research DivisionEric Luebchow - Wells Fargo Securities, LLC, Research DivisionOmotayo Okusanya - Deutsche Bank AG, Research Division Presentation Operator Greetings, and welcome to the Public Storage Fourth Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Brandon Reagan, Director of Investor Relations. Thank you. You may begin.

Brandon Reagan Hello, everyone, and thank you for joining us for our fourth quarter 2025 earnings call. I'm here with the Public Storage leadership team, Joe Russell, Tom Boyle and Joe Fisher. Before we begin, we want to remind you that certain matters discussed during this call may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to certain economic risks and uncertainties. All forward-looking statements speak only as of today, February 13, 2026. And we assume no obligation to update, revise or supplement statements that become untrue because of subsequent events.