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Public Storage Moves HQ to Texas for Growth Strategy

2/25/2026

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Story summary
  • Public Storage is relocating its headquarters from California to the Dallas–Fort Worth area as part of its PS4.0 strategy to boost growth and shareholder returns.
  • Incoming CEO Tom Boyle will lead the transition, succeeding Joe Russell.
  • The company will use digital tools and data science to improve customer engagement and pricing.
  • The move aligns with Texas’s tax and cost advantages, though no tax reasons are cited.