Public Storage PSA
These forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results and performance to be materially different from those expressed or implied in the forward-looking statements. 10-K, Item 1
- Employees
- 5,770
- Headquarters
- Frisco, TX
- Next results
- around Feb 11, 2027
What changed
7 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 24, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
9 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 9 checks found nothing to note
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Cash from operations $3.2B vs net income $1.8B (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
6 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: F-1; Purchase Price Allocation
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
7 paragraphs in Risk Factors that were not in the 10-K filed Feb 24, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
If we fail to successfully execute our recent leadership succession, we may struggle to effectively execute our strategic plan. We recently announced leadership changes, including a change in our Chairman of the Board, our President and Chief Executive Officer and our Chief Financial Officer. Although these changes were made pursuant to…
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Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
We may record losses as a result of the bankruptcy, insolvency, or other credit failure of the borrowers under our bridge lending financing program. In that case, our revenues and results of operations may be materially and Although we conduct due diligence and aim to carefully evaluate the risks associated with this debt and other…
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $4.7B | $4.8B |
| Net income | $4.3B | $2.1B | $2.1B | $1.8B |
| Operating cash flow | $3.1B | $3.2B | $3.1B | $3.2B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$4.8B ▲ 2.7% in FY2025$1.8B ▼ 13.9% in FY2025
Recent filings
5 filings in the last 30 days · SEC EDGAR
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8-KNov 9, 2026Other events 8-K item 8.01
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8-KNov 6, 2026Material agreement signed, New debt or obligation 8-K items 1.01, 2.03
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8-KOct 30, 2026Material agreement signed 8-K item 1.01
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8-KOct 26, 2026Quarterly results 8-K item 2.02
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10-QOct 26, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Public Storage, Frisco, TX · from the 10-K filed Feb 12, 2026
These forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, “Risk Factors” of this report and in our other filings with the Securities and Exchange Commission (the “SEC”).
- Headquarters
- Frisco, TX
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 26, 2026
- Incorporated in
- MD
Employees, at the top of the page: "We have approximately 5,770 employees, including 4,920 customer facing roles (such as property level and customer care center personnel), 410 field management employees, and 440 employees in our corporate operations" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 24, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/PSA/export.csv") into a cell.