PSAPublic Storage

Real estate · REIT · NYSE

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

Compare with peers → Embed

RevenueFY2016–25 $4.8B+2.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.8B−13.9% FY2024: $2.1B 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 24, 2025

Area	What changed	Source
Risk factors	7 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	9 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	5 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-24. Quoted as filed.

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…
10-K, Item 1A

All 7 new paragraphs →

Accounting checks

latest 10-K

9 of 9 clear 0 worth a look. Checks, not verdicts.

✓
Cash from operations $3.2B vs net income $1.8B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: F-1; Purchase Price Allocation
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 20268-K Other events 8-K item 8.01
Nov 6, 20268-K Material agreement signed, New debt or obligation 8-K items 1.01, 2.03
Oct 30, 20268-K Material agreement signed 8-K item 1.01
Oct 26, 20268-K Quarterly results 8-K item 2.02
Oct 26, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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Work on PSA in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PSA/export.csv") into a cell.