Public Storage Stock Price, News & Analysis

Public Storage (NYSE:PSA) has announced that its subsidiary, Public Storage Operating Company (PSOC), has priced a public offering of €425 million senior notes due 2034. The notes will bear interest at 3.500% annually, issued at 99.447% of par value, with interest payable annually starting January 20, 2026.

The proceeds will be used to repay €242 million of existing 2.175% senior notes due November 2025 and for general corporate purposes, including self-storage facility investments. The offering is expected to close on October 3, 2025. As of June 30, 2025, Public Storage operated 3,432 self-storage facilities across 40 U.S. states and held a 35% stake in Shurgard Self Storage in Europe.

Public Storage (NYSE:PSA), a leading self-storage REIT and S&P 500 member, has declared its third quarter 2025 dividends. The company announced a quarterly common dividend of $3.00 per share, payable on September 30, 2025, to shareholders of record as of September 15, 2025.

As of June 30, 2025, Public Storage maintains a substantial presence with 3,432 self-storage facilities across 40 states, comprising approximately 250 million net rentable square feet in the United States. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 321 facilities across seven Western European nations.

Public Storage (NYSE:PSA) and Ki Corporation have withdrawn their non-binding indicative offer to acquire Abacus Storage King (ASX:ASK) after completing due diligence. The decision came as the Consortium could not align with Abacus Storage King's Independent Board Committee's value assessment.

Public Storage's CEO Joe Russell emphasized the company's financial discipline and highlighted their current growth trajectory, noting $785 million in acquisitions completed or under contract as of mid-year. The company currently operates 3,432 self-storage facilities across 40 states with approximately 250 million net rentable square feet in the United States, and holds a 35% equity stake in Shurgard Self Storage Limited.

Public Storage (NYSE:PSA) reported Q2 2025 financial results with net income of $1.76 per diluted share, down from $2.66 in Q2 2024. The company's Core FFO increased to $4.28 per share, up 1.2% year-over-year.

Key operational metrics show Same Store direct net operating income margin of 78.8% and occupancy of 92.6%. The company expanded through acquisitions of 16 facilities for $162.3 million and has 47 additional facilities under contract for $481.9 million. Development initiatives added 0.2 million square feet at a cost of $64.0 million.

Public Storage completed a $875 million public offering of unsecured senior notes and appointed Luke Petherbridge as a new independent trustee. The company raised its outlook based on stabilizing operations and accelerated acquisition volume, with over $1.1 billion of investment anticipated in 2025.

Public Storage (NYSE:PSA) and Ki Corporation have submitted a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for A$1.65 per stapled security. The consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms.

Public Storage, a member of the S&P 500 REIT, currently operates 3,399 self-storage facilities across 40 U.S. states with approximately 247 million net rentable square feet. The company also owns a 35% stake in Shurgard Self Storage Limited, which operates 318 facilities in Western Europe.

The potential transaction would expand Public Storage's presence into the Australian self-storage market, though completion remains subject to various conditions including due diligence, securityholder approval, and Australian regulatory requirements.

Public Storage (NYSE:PSA), a leading S&P 500 REIT, has scheduled its second quarter 2025 earnings release for July 30, 2025 after market close, followed by a conference call on July 31, 2025 at 9:00 a.m. PT.

As of March 31, 2025, Public Storage operates 3,399 self-storage facilities across 40 U.S. states, encompassing approximately 247 million net rentable square feet. Additionally, the company holds a 35% equity stake in Shurgard Self Storage Limited, which manages 318 facilities with 18 million net rentable square feet across seven Western European nations.

Public Storage (NYSE:PSA) has announced that its subsidiary, Public Storage Operating Company (PSOC), has priced a $875 million public offering of senior notes in two tranches. The first tranche consists of $475 million of 4.375% senior notes due 2030, while the second tranche comprises $400 million of 5.000% senior notes due 2035.

The notes, which carry a weighted average interest rate of approximately 4.661%, will be guaranteed by Public Storage. The offering is expected to close on June 30, 2025. PSOC plans to use the proceeds to repay its $400 million floating rate senior notes due 2025 and for general corporate purposes, including self-storage facility acquisitions and debt repayment.

Public Storage (NYSE:PSA) has announced its second quarter 2025 dividend distributions. The company declared a regular quarterly common dividend of $3.00 per common share, along with dividends for various series of preferred shares. All dividends will be payable on June 27, 2025, to shareholders of record as of June 12, 2025.

As of March 31, 2025, Public Storage, an S&P 500 REIT member, operates 3,399 self-storage facilities across 40 states, encompassing approximately 247 million net rentable square feet in the United States. Additionally, the company holds a 35% common equity interest in Shurgard Self Storage Limited, which operates 318 facilities across seven Western European nations.

Public Storage reported its Q1 2025 financial results, with net income of $2.04 per diluted share, down from $2.60 in Q1 2024. The company's Core FFO reached $4.12 per share, showing a 2.2% increase from the previous year.

Key highlights include a 77.1% Same Store direct net operating income margin and strategic expansion through acquisitions and development. The company acquired 9 self-storage facilities for $141.0 million, adding 0.7 million net rentable square feet. Additionally, they opened 3 new facilities and completed various expansion projects.

The Same Store portfolio, comprising 2,565 facilities, showed stable performance with a 91.5% occupancy rate and a 0.6% increase in realized annual rental income per occupied square foot. Property taxes increased by 4.3%, while on-site property manager payroll decreased by 12.4%. The company maintains a strong growth trajectory with 3.7 million square feet of additional space under development at an estimated cost of $665.5 million.