PSA changes
Pick any two versions below to diff them.
- Price
- $324.77 → $335.73(+3.4%)
- Recent events
- Oct added: 29, 2026: Public Storage Operating Company, a subsidiary, sold $500 million of 5.600% senior notes due 2036, which Public Storage guarantees. The sale closed on November 6, 2026. Public Storage plans to use the money to repay commercial paper and part of the $650 million of 1.500% notes due in 2026. Oct 26, 2026: Public Storage reported Q3 2026 results. Core FFO was $4.34 per share, up from $4.31. Same store revenue rose 0.5%, same store net operating income was flat and average occupancy was 92.2%. Net income fell to $1.69 per share, from $2.62, mostly because of $114.6 million of transaction and integration costs for NSA and PS Canada and higher depreciation. Public Storage raised its 2026 Core FFO guidance to $16.90 to $17.10 per share and its same store revenue guidance to flat to plus 0.5%. Oct 5, 2026: Public Storage said that it will report Q3 2026 results after the market closes on October 26, 2026, with a conference call on October 27. Sep 16, 2026: PS Canada Finance, a subsidiary, issued C$400 million of 4.540% senior notes due 2033, guaranteed by Public Storage. The money replaces cash used for the PS Canada purchase. Sep 1, 2026: Public Storage completed its purchase of PS Canada, which owns 68 self-storage facilities with about 5.3 million net rentable square feet in Canada. The price was about $1.2 billion: about $900 million in operating partnership units and about $310 million in cash. The sellers can receive up to 768,000 more units if the business reaches profit targets. Public Storage fully drew its $500 million term loan on August 31, 2026. Jul 29, 2026: Public Storage reported Q2 2026 results. Core FFO was $4.17 per share, down from $4.28. Same store revenue fell 0.6%, same store net operating income fell 2.2% and average occupancy was 92.5%. It raised its 2026 Core FFO guidance to $16.75 to $17.05 per share. It also signed a new $3.0 billion revolving credit facility and a $500 million term loan and set up a $1.0 billion commercial paper program. Jul 22, 2026: Public Storage completed its all-stock purchase of NSA. NSA shareholders received 0.14 Public Storage shares for each NSA share. A new joint venture holds 313 properties worth about $3.3 billion, with former NSA operating partnership unitholders owning about 80% and Public Storage 20%. After the quarter, Public Storage also sold $900 million of senior notes at an effective rate of 4.855%.