Question · Q4 2025
Samuel Ohayoma asked about the opportunities Public Storage sees in an environment of unremarkable growth, specifically regarding the strategy of acquiring low-occupancy assets at attractive bases in anticipation of a fundamental turnaround, referencing commentary from new Chairman Shankh Mitra.
Answer
Tom Boyle, CFO and CIO, affirmed confidence in the long-term fundamentals of the storage industry but stated Public Storage is not waiting for them to return. He emphasized investing in people and the platform now to capitalize on current opportunities. Boyle noted that assets purchased in 2025 were acquired on an attractive basis, and the company will continue to deploy capital for the right opportunities, believing this will benefit the platform over time.
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