Public Storage filings document the regulatory disclosures of a self-storage REIT with common shares listed on the New York Stock Exchange and multiple series of preferred and depositary shares. The company’s reports cover material events, operating and financial results, capital-structure disclosures, securities registered under Section 12(b), and debt-related instruments.
Its SEC record also includes proxy materials addressing trustee elections, executive compensation, shareholder voting matters, and governance practices. Form 8-K filings provide event-driven disclosures on dividends, agreements, financing or security matters, and other corporate actions connected to Public Storage’s REIT structure and self-storage operations.
Public Storage reported third-quarter revenue of $1,366.190 million, compared with $1,224.043 million a year earlier, while net income allocable to common shareholders fell to $312.281 million from $461.408 million and diluted earnings per share declined to $1.69 from $2.62. The company attributed the earnings decline mainly to higher depreciation and amortization, transaction and integration expense, and interest expense, partly offset by higher self-storage and ancillary net operating income.
For the nine months, revenue was $3,816.812 million versus $3,608.321 million, net income allocable to common shareholders was $1,239.327 million versus $1,128.606 million, and diluted earnings per share was $6.92 versus $6.42. Net cash provided by operating activities was $2,272.091 million, compared with $2,452.862 million.
Public Storage completed its acquisition of National Storage Affiliates Trust on July 22, 2026, for total consideration of $6,442.849 million, including $1,350.794 million cash. It acquired PS Canada on September 1, 2026, for $934 million, consisting of 2,762,108 OP Units and $139 million cash; an additional 768,000 OP Units may be issued contingent on net operating income targets from 2027 to 2031.
Public Storage (PSA) reported third-quarter 2026 diluted net income of $1.69 per share, down from $2.62 a year earlier, while Core FFO per share was $4.34 versus $4.31. It raised full-year 2026 Core FFO guidance by $0.10 to $16.90–$17.10 per share and increased its Same Store NOI growth outlook by 90 basis points, to (0.8)%–0.2%. Same Store revenue and NOI each increased 0.5% year over year; average occupancy was 92.2%, versus 91.9%.
Public Storage completed the NSA acquisition on July 22, 2026, in an all-stock transaction and completed the PS Canada acquisition on September 1, 2026, for US $1.2 billion, including assumed debt; sellers may receive up to 768,000 PS OP Units, contingent on achieving certain NOI performance targets. It expects approximately $110 million to $130 million in NSA run-rate synergies within three to four years. At September 30, 2026, indebtedness was $12.2 billion and liquidity was approximately $4.1 billion. Through October 26, 2026, forward sale agreements for 1,230,141 common shares were expected to generate approximately $399 million in future net proceeds upon settlement.
Public Storage director Ronald P. Spogli received a grant of 6.28 fully vested deferred share units (DSUs) on October 6, 2026, in lieu of dividend equivalents under the company’s trustee compensation program. Each DSU represents the right to receive one common share; the grant amount was calculated using the company’s $285.85 closing share price on the grant date.
After the grant, his directly held position was 12,840 common shares, including 2,676.78 DSUs. He also reported 2,000 common shares held indirectly by him as trustee.
Public Storage director Ronald L. Havner Jr. received 4.45 fully vested deferred share units on October 6, 2026, in lieu of dividend equivalents. Each unit represents the right to receive one common share. His reported direct position afterward was 6,735 shares. Separate holding entries list 317,787 shares by Havner Family Trust and 1,900 shares by Spouse IRA. The units will be settled in a lump sum upon separation from service, or earlier upon death, disability, or a change of control.
Public Storage director Luke J. Petherbridge received a grant of 151 fully vested LTIP Units in Public Storage OP, L.P. on September 30, 2026, bringing his reported LTIP Unit holdings to 613. The grant represents cash retainers he earned for the applicable calendar quarter and elected to receive in units.
LTIP Units are intended to qualify as profits interests for U.S. federal income tax purposes and may convert into Common Units after minimum allocations to their capital account. Resulting OP Units may be exchanged for common shares or equivalent cash value, as determined by Public Storage.
Public Storage director Shankh Mitra was granted 339 unrestricted common shares on September 30, 2026, under the company’s Non-Management Trustee Compensation and Deferral Program. The grant represented quarterly cash retainers earned and elected to be paid in shares; the share count was calculated using the grant-date closing share price of $282.84 and rounded up. Direct holdings following the grant were 9,668 shares.
Public Storage director Paul S. Williams acquired 52 fully vested deferred share units (DSUs) on September 30, 2026, under the company's Non-Management Trustee Compensation and Deferral Program. The grant-date closing share price used to calculate the DSUs was $282.84 per share; each DSU represents the right to receive one common share. Williams held 1,530 DSUs after the grant. The units are settled in unrestricted common shares after separation from trustee service, or earlier upon death, disability, or a change of control.
Public Storage director Ronald P. Spogli acquired 151 fully vested LTIP Units on September 30, 2026; his reported direct holdings after the grant were 6,205.6 LTIP Units. The award represented the portion of his earned quarterly cash retainers that he elected to receive in units under the Non-Management Trustee Compensation and Deferral Program. LTIP Units are intended to qualify as profits interests for U.S. federal income tax purposes and may convert into OP Units after minimum allocations to their capital accounts for federal income tax purposes are satisfied. OP Units may be exchanged by Spogli for common shares or equivalent cash value, as determined by Public Storage.
Public Storage director Ronald L. Havner Jr. received a grant of 107 fully vested LTIP Units on October 2, 2026, under the company’s Non-Management Trustee Compensation and Deferral Program. The unit count was based on the portion of cash retainers he earned for the applicable calendar quarter and elected to receive in LTIP Units. The reported direct holding after the grant was 182,500.91 LTIP Units. LTIP Units may convert into OP Units after minimum allocations to their capital account are satisfied; the resulting OP Units may be exchanged for common shares or equivalent cash value, as determined by the company.
Public Storage (PSA) reports that subsidiary PS Canada Finance ULC has completed an offering of C$400 million 4.540% Senior Notes due 2033, issued September 16, 2026 and guaranteed by Public Storage and Public Storage Operating Company (PSOC). The notes are direct, unsecured and unsubordinated obligations of PS Canada.
The notes bear 4.540% annual interest, payable semi-annually on March 16 and September 16, starting March 16, 2027, and mature on September 16, 2033. Public Storage may redeem them at a make-whole redemption price, or at 100% of principal plus accrued interest if redeemed on or after July 16, 2033. The indenture includes covenants requiring PSOC to maintain total unencumbered assets of at least 125% of total unsecured indebtedness and limiting additional secured and unsecured debt, along with customary events of default.