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 furnished an Item 2.02 Form 8‑K announcing its financial results for the quarter ended September 30, 2025. The company provided the full details in an earnings press release attached as Exhibit 99.1, dated October 29, 2025.
The information under Item 2.02 and Exhibit 99.1 is designated as furnished, not filed, which limits its incorporation by reference and related liabilities under the Exchange Act. The filing also lists the company’s common and preferred depositary share listings, along with guarantees of certain senior notes.
Ronald P. Spogli, a Director of Public Storage (PSA), reported grants on 09/30/2025. He was granted 5.97 DSUs valued at $288.85 each, representing 12,814.72 common shares following the transaction (which includes 2,651.72 DSUs). He also received 148 LTIP Units representing 148 underlying common shares, with 4,599.72 common shares reported as beneficially owned following the LTIP grant. The DSUs are fully vested and will be settled in unrestricted common shares upon certain separation, death, disability, or change of control events; dividend equivalents on DSUs are issued as additional DSUs. The LTIP Units are membership interests in a subsidiary and are convertible into OP Units and then into common shares or cash, subject to tax conditions.
John Reyes, a director of Public Storage (PSA), received a grant of 115 fully-vested deferred share units (DSUs) on 09/30/2025 under the company’s Non-Management Trustee Compensation and Deferral Program. Each DSU represents the right to one common share and will be settled in unrestricted common shares upon the director’s separation, death, disability, or an earlier change of control. The grant used the company’s closing share price on the grant date of $288.85. After the reported transaction the filing shows 3,063 DSUs beneficially owned directly and 154,685 shares held indirectly through the Reyes Trust.
Luke J. Petherbridge, a director of Public Storage (PSA), was granted 80 LTIP Units on 09/30/2025 under the companys Non-Management Trustee Compensation and Deferral Program. The LTIP Units are fully vested on grant and are economic interests in Public Storage OP, L.P., intended to qualify as profits interests for U.S. federal tax purposes. Subject to tax-related conversion conditions, LTIP Units convert into OP Units that may be exchanged for common shares or the cash equivalent, using the companys closing share price on the grant date to determine unit quantity. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Mitra Shankh, a director of Public Storage (PSA), received 115 unrestricted common shares on 09/30/2025 under the company's Non-Management Trustee Compensation and Deferral Program within the 2021 Equity and Performance-Based Incentive Compensation Plan. The shares were issued as the share-equivalent of cash retainers the reporting person elected to receive in stock; the grant used the company closing price on the grant date at $288.85 per share. After the transaction the reporting person directly beneficially owned 8,768 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.
Ronald L. Havner Jr., a Public Storage (PSA) director, reported equity compensation transactions dated 09/30/2025. The filing discloses grants of fully vested deferred share units (DSUs) issued in lieu of dividend equivalents and grants of fully vested LTIP Units under the company’s 2021 Equity and Performance-Based Incentive Compensation Plan. The DSUs are settled in unrestricted common shares upon separation, death, disability, or a change of control and will accrue additional DSUs as dividend equivalents. The report shows an LTIP grant of 321 units and a closing share price used of $288.85. The filing also lists beneficial ownership: 317,053 shares held indirectly by a trust and 1,900 shares held indirectly by spouse IRA, with 147,000.4 LTIP-related units/shares noted as held following the transactions.
Public Storage announced that its subsidiary, Public Storage Operating Company (PSOC), has agreed to sell €425 million of senior notes due 2034. The notes will be issued by PSOC, guaranteed by Public Storage, carry a 3.500% annual interest rate, be priced at 99.447% of par, and mature on January 20, 2034.
The sale is being conducted under an existing shelf registration on Form S-3, with a preliminary prospectus supplement filed under Rule 424(b)(5). The offering is expected to close on October 3, 2025, subject to customary closing conditions. PSOC plans to use the net proceeds to repay €242 million of its 2.175% senior notes due November 2025 and for general corporate purposes, including investments in self-storage facilities, repayment of debt and potential redemption of outstanding securities.
Public Storage (PSA) presents a prospectus supplement for debt securities that describes its scale, capital structure and material terms for the notes. The company reports ownership interests in 3,103 self-storage facilities (approximately 224.1 million net rentable square feet) and 1.0 million square feet of commercial/retail space as of June 30, 2025, and managed 329 third-party facilities (≈25.4 million square feet). Public Storage Operating Company (PSOC) had $1.6 million secured indebtedness, €1.9 billion of Euro-denominated unsecured debt and $8.6 billion of U.S. dollar unsecured debt at June 30, 2025; as of Sept 22, 2025 PSOC had no borrowings under its $1.5 billion revolver but had $19.9 million of undrawn standby letters of credit. Notes may be redeemed on or after Oct 20, 2033 at 100% of principal plus accrued interest. PSOC must maintain total unencumbered assets of at least 125% of its total unsecured indebtedness (subject to exceptions). The prospectus also summarizes withholding and U.S./non-U.S. tax rules, REIT qualification risks and customary market-making and registration information.
Public Storage (PSA) is presented as the largest owner of U.S. self-storage facilities with a broad national footprint. At June 30, 2025, the company owned interests in 3,103 self-storage facilities totaling approximately 224.1 million net rentable square feet and 1.0 million net rentable square feet of commercial/retail space; it also managed 329 facilities (about 25.4 million net rentable square feet) for third parties. Public Storage Operating Company (PSOC) had approximately $1.6 million of secured indebtedness, $1.9 billion of Euro-denominated unsecured indebtedness and $8.6 billion of U.S. Dollar-denominated unsecured indebtedness outstanding on a consolidated basis. As of September 22, 2025 PSOC had no outstanding borrowings under its $1.5 billion revolving credit facility but had undrawn standby letters of credit totaling $19.9 million. PSOC must maintain total unencumbered assets of at least 125% of its total unsecured indebtedness (subject to exceptions). The prospectus supplement also details redemption mechanics for notes and extensive U.S. federal tax and withholding rules affecting U.S. and non-U.S. holders.
Public Storage (PSA) disclosed a material acquisition activity on September 8, 2025, reporting that since the start of the year it has acquired or entered contracts to acquire 74 self-storage facilities totaling 5.1 million net rentable square feet for $811.0 million. The disclosure presents this as aggregated transaction activity year-to-date rather than a single purchase, showing a sizable expansion of the company’s portfolio footprint in the period. The filing does not provide financing details, individual facility locations, anticipated revenue or capitalization effects, or timing for closing the remaining contracts.