Public Storage

As our first value creation milestone under our transformational PS4.0 vision, we’re pleased to announce that Public Storage has reached an agreement to acquire NSA Storage. NSA is a leading self-storage operator with one of the largest portfolios in the U.S. The combined company will have unparalleled scale with nearly 4,600 locations and approximately 330 million net rentable square feet  By integrating NSA into our industry-leading platform, we will bring the Public Storage experience to hundreds of thousands of NSA customers, strengthen our presence in core geographies, accelerate growth and profitability, and build on our unparalleled track record of value creation. “This transaction is a rare opportunity to deepen our presence in core markets and increase our penetration in high-growth geographies,” said incoming CEO Tom Boyle. “By applying our PS Next operating model to NSA’s portfolio, we see meaningful opportunity to create significant value for shareholders over the near and long term. We look forward to welcoming NSA’s team and customers to our industry-leading platform.” Read more: https://bit.ly/4rBB4ii

We are excited to announce Joe Fisher as Public Storage's new President, Chief Financial Officer.   Joe brings deep Real Estate Investment Trust (REIT) expertise and a proven track record of driving sustainable growth — joining us at a pivotal moment as we advance PS4.0, our next generation of customer experience and operational excellence.   "Joe's experience and stature in the REIT industry make him an exceptional addition to our leadership team," said incoming CEO Tom Boyle. "He joins at a time when the opportunity to maximize our performance while transforming how we serve our customer has never been stronger."   Please join us in welcoming Joe to Public Storage.

We are thrilled to announce that Ayash Basu has joined the team as our new Chief Revenue and Marketing Officer (CRMO). As we continue to lead the self storage industry, Ayash will play a pivotal role in shaping our revenue management, brand identity, and digital presence. “Public Storage must always find ways to continually evolve,” says Tom Boyle, Chief Financial and Investment Officer. “I look forward to Ayash helping pave the way for our next evolution.” Ayash’s expertise in customer experience and digital transformation perfectly aligns with our PS4.0 initiatives. We’re excited to have his leadership as we drive revenue maximization and industry innovation. Welcome to the team, Ayash!

“Public Storage’s fourth quarter results reflect differentiated strategies that continue to drive our performance,” said Joe Russell, President and Chief Executive Officer. “As industry fundamentals stabilize, new competitive supply declines, and acquisition market activity increases, we are well-positioned to capitalize on the opportunities ahead. With the launch of PS4.0, we are building on that foundation by elevating the customer and employee experience, accelerating value creation, and unlocking the next phase of long-term growth for Public Storage.” Learn more here: https://lnkd.in/gwrfGfHW

Today we’re announcing an exciting new era of growth and industry leadership at Public Storage that we’re calling PS4.0. After nearly a decade, Chief Executive Officer Joe Russell will step down at the end of March. Tom Boyle, current Chief Financial and Investment Officer, will become the fourth CEO in Public Storage’s 53-year history on April 1. “It has been an honor to lead Public Storage through a decade of transformation, accretive growth and industry-leading shareholder returns,” Joe Russell said. “I am excited to see Tom and his team lead Public Storage into PS4.0, our powerful next era of growth.” “I couldn’t be more energized by the leadership and platform that we are building within Public Storage to lead our industry for the future,” Tom Boyle said. “I want to sincerely thank Joe Russell for his strong leadership and mentorship over the past decade.” Read more about our leadership changes and new strategic vision here. https://lnkd.in/gE-dErXG

We’re excited to welcome Gwen Montgomery to Public Storage as our new Chief Human Resources Officer. Gwen brings a passion for employee engagement, growth, and development, along with experience supporting teams across large, geographically diverse organizations like ours. “Our people truly are the best in the industry and the heart of Public Storage,” said Natalia Johnson, Chief Administrative Officer. “Gwen’s leadership, perspective, and belief that strong businesses are built through strong people will help us continue to create a workplace where everyone can do their best work and grow their careers – together as One Team.” #PublicStorage #GTBO #ItsGreatToBeOrange 🧡🧡🧡

This is why It's Great To Be Orange!

🚀 Public Storage is on the move — and our Real Estate team is helping lead the charge. This year, we opened 21 new projects, invested $382 million, and added 2.1 million NRSF across 8 states. That’s growth you can see and feel. 📍 Take a look at this stunning 94,000-square-foot, 1,035-unit facility in Land O’ Lakes, Florida. Just one example of the momentum behind our expansion. It’s an exciting time to be at Public Storage. It’s Great To Be Orange. 🧡 Here’s to an even stronger year ahead. Happy New Year from Public Storage and our incredible Real Estate team.

Public Storage’s industry-leading and nationally recognized Solar Program recently achieved a huge milestone with permission to operate received for our 1,000th solar installation at a property in Hawaii, where we installed our first Solar projects in 2014. Our Solar Program has officially come full circle, but we’re not stopping here, with a plan to install Solar at 1,300 properties across 25 states by 2026. It’s an amazing accomplishment that few companies have equaled and demonstrates Public Storage’s commitment to energy independence, reducing operating costs, and driving down our carbon footprint. This is a testament to the hard work of our incredible Solar Program team, their passion for what they do and the dedication they have to this program. It’s also made possible by our wide support system, from our internal and external partners to our vendors and consultants. Congratulations to you all, and here’s to 1,000 more!

Take the Time, Thank a Veteran By Chris Sambar, Chief Operating Officer, Public Storage Have you ever thanked a military Veteran for their service? Recognized their branch, unit and detail on a hat or jacket and stopped them, looked them in the eye, offered your hand and said, “Thank you, sir/ma’am, for your service.” It’s a hard thing for some people to do, especially these days. It takes intentionality, approaching a complete stranger and striking up a conversation. But when you do, you often walk away with a smile, and you’ve most likely made their day as well. Military Veterans go unnoticed far too often. They sit in the cube next to you, stand in the grocery store line behind you or live next door and you never even know. Veterans, by nature, are humble and selfless. They proudly served and protected their country, and for them that’s enough. Others prefer to wear that pride. Are they trying to draw attention? Absolutely not. The pride you get from serving your country is profound. You belong to a brotherhood/sisterhood unlikely anything else. It’s truly humbling and deeply fulfilling. I’d like to extend my sincerest appreciation to those who have sacrificed and served to secure the liberties and freedoms that we enjoy today. And this Veterans Day, as we recognize all military Veterans who have worn our nation’s uniform, reach out to a Veteran and personally thank them. You’ll be glad you did. ****** Chris Sambar is a graduate of the U.S. Naval Academy and a 23-year Veteran of military service.