Welcome to our dedicated page for Public Storage SEC filings (Ticker: PSA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
WILLIAMS PAUL S reported acquisition or exercise transactions in this Form 4 filing.
Public Storage director Paul S. Williams reported an award of 46 common share-equivalent deferred share units (DSUs). The DSUs were valued using a reference share price of $318.31, and each DSU represents the right to receive one Public Storage common share in the future.
After this grant, Williams holds a total of 1,478 DSUs. These DSUs are part of the company’s Non-Management Trustee Compensation and Deferral Program and will be settled in unrestricted common shares in a lump sum after he separates from service as a trustee, or earlier upon death, disability, or a change of control of the company.
SPOGLI RONALD P reported acquisition or exercise transactions in this Form 4 filing.
Public Storage trustee Ronald P. Spogli reported routine equity compensation awards rather than market purchases or sales. He received 5.58 fully vested deferred share units in lieu of dividend equivalents, based on the company’s closing share price of $318.31 on the grant date.
Spogli was also granted 145 fully vested LTIP Units instead of a portion of his cash retainers for the quarter. Each deferred share unit and each resulting OP Unit ultimately represents the right to receive one Public Storage common share or its cash equivalent under the company’s plans.
After these awards, Spogli directly holds 12,833.5 common shares, including 2,670.5 deferred share units, plus 6,054.6 LTIP Units. He also indirectly holds 2,000 common shares by trust, where he serves as trustee.
Public Storage director Ronald L. Havner Jr. reported routine equity-based compensation and updated indirect holdings. He received 3.95 common share-equivalent deferred share units (DSUs) in lieu of cash dividend equivalents at a reference price of $318.31 per share, under the company’s trustee compensation and deferral program.
He also received 95 LTIP Units in Public Storage OP, L.P. as quarterly retainers elected to be paid in equity. These LTIP Units are designed as profits interests and can convert into operating partnership units and ultimately common shares or equivalent cash. Following these awards, he directly holds 6,730.54 common shares (including deferred units) and indirectly holds additional shares through a spouse IRA and the Havner Family Trust.
Public Storage updated its financing arrangements by closing a new $3.0 billion unsecured revolving credit facility and a $500 million unsecured delayed draw term loan through subsidiary Public Storage Operating Company. The new revolver replaces a $1.5 billion facility and matures on June 25, 2030, with extension options.
The term loan can be drawn in up to four advances through 180 days after June 25, 2026 and matures on June 25, 2031. Borrowings are priced off SOFR or a base rate plus ratings-based margins, and the revolver carries a 0.10%–0.30% commitment fee, with a 0.10% ticking fee on undrawn term loan commitments.
The agreement includes leverage and coverage covenants, customary defaults, and allows use of proceeds for development, acquisitions, debt repayment, dividends, and share repurchases. As of June 25, 2026, there were no borrowings outstanding. The company also established a $1.0 billion unsecured commercial paper program backed by revolver capacity.
Public Storage plans to acquire Public Storage Canada in a transaction valued at approximately $1.2 billion, expanding its self‑storage platform into major Canadian markets. The consideration at closing will be about $889 million in Public Storage OP units and $310 million in cash, subject to customary adjustments.
The Canadian portfolio includes 68 properties with about 5.3 million square feet, Q1 2026 occupancy of 83% and a 65% NOI margin, in cities such as Toronto, Vancouver, Montreal, Calgary, and Ottawa. The deal is expected to provide an initial real estate yield in the high‑5% range, high‑single‑digit compounded NOI growth, double‑digit IRR potential, and be accretive to long‑term FFO per share growth. Closing is expected in the second half of 2026, subject to regulatory approvals and other customary conditions.
Public Storage Chief Legal Officer Nathaniel A. Vitan sold 950 Common Shares of the company in an open-market transaction at $324.8101 per share on June 12, 2026. After this sale, he continues to hold 1,414 Common Shares directly.
Public Storage (PSA) submitted a Form 144 notice describing proposed resale-related items. The excerpt lists two equity compensation lapses—106 shares (Restricted Stock Lapse, 01/01/2024) and 844 shares (Performance Stock Lapse, 02/28/2023) and includes the reference 175,545,748 and date 06/12/2026.
Public Storage provided a same-store operating update for its facilities for the period from April 1 through May 28, comparing 2026 to 2025. Same Store Churn decreased to 16.4% from 19.6%, while weighted average square foot occupancy was stable at 92.2% versus 92.1%.
Customers moving in during the period had average annual contract rent of $13.10 per square foot compared with $13.13 a year earlier. Customers moving out had average annual contract rent of $18.98 per square foot versus $19.79. The Same Store Facilities portfolio covered 2,755 facilities totaling 192.1 million net rentable square feet, owned and operated on a stabilized basis since January 1, 2024.
Public Storage filed a Form S-4 proxy statement/prospectus to register Public Storage common shares and two series of preferred shares to be issued in connection with a proposed merger with National Storage Affiliates Trust (NSA). Under the merger agreement each NSA common share will be converted into the right to receive 0.1400 Public Storage common shares (the exchange ratio) plus cash in lieu of fractional shares. Based on the closing price of Public Storage common shares of $297.72 on March 13, 2026, the exchange ratio represented approximately $41.68 per NSA common share. NSA will hold a virtual special meeting of NSA shareholders to vote on the Merger Proposal and related matters; the company merger requires approval by a majority of votes cast by NSA common shareholders. The proxy statement/prospectus explains treatment of NSA preferred shares, the Dropdown JV and special redemption mechanics, financing commitments and a potential termination fee.
Public Storage reported the results of its 2026 Annual Meeting of Shareholders held on May 6, 2026. Shareholders voted on three proposals described in the company’s March 27, 2026 proxy statement, including the election of the Board of Trustees and two additional management proposals.
All trustee nominees received strong majority support, with most candidates receiving over 150 million votes in favor. Separate shareholder votes on the second and third proposals also drew substantial “for” votes, with far more support than opposition.
After the meeting, the Board approved updated committee assignments, naming Luke Petherbridge, Avedick B. Poladian, and Kristy M. Pipes as chairs of the Audit, Compensation and Human Capital, and Nominating, Governance and Sustainability Committees, respectively. The Board also re-appointed Shankh S. Mitra as Chairman.