Public Storage (NYSE:PSA) saw its stock rise slightly despite forecasting 2026 core funds from operations (FFO) below Wall Street estimates, indicating a potential softening in demand for self-storage. The company also announced that CEO Joe Russell will step down in March, to be succeeded by CFO Tom Boyle, with Joe Fisher taking over as the new CFO. Public Storage reported strong Q4 FY25 adjusted FFO and revenue, beating analysts’ estimates, and detailed significant acquisitions and development projects.
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Public Storage (NYSE:PSA) Management Changes
Public Storage (NYSE:PSA) saw its stock rise slightly despite forecasting 2026 core funds from operations (FFO) below Wall Street estimates, indicating a potential softening in demand for self-storage. The company also announced that CEO Joe Russell will step down in March, to be succeeded by CFO Tom Boyle, with Joe Fisher taking over as the new CFO. Public Storage reported strong Q4 FY25 adjusted FFO and revenue, beating analysts’ estimates, and detailed significant acquisitions and development projects.