Capital International Investors (PSA) discloses 5.5% stake in Public Storage

Rhea-AI Filing Summary

Capital International Investors, a division of Capital Research and Management Company and its investment management affiliates, reported beneficial ownership of 9,703,619 shares of Public Storage common stock on a Schedule 13G. This represents 5.5% of the 175,545,748 shares believed to be outstanding.

Capital International Investors reported sole voting power over 9,446,619 shares and sole dispositive power over 9,703,619 shares, with no shared voting or dispositive power. The filing identifies Capital International Investors as a beneficial owner acting through multiple affiliated investment management entities.

Key Figures

Shares beneficially owned: 9,703,619 shares Percent of class: 5.5% Shares outstanding baseline: 175,545,748 shares +2 more

5 metrics

Shares beneficially owned 9,703,619 shares Beneficial ownership of Public Storage common stock reported by Capital International Investors

Percent of class 5.5% Portion of Public Storage outstanding common stock beneficially owned

Shares outstanding baseline 175,545,748 shares Public Storage shares believed to be outstanding used to calculate ownership percentage

Sole voting power 9,446,619 shares Shares for which Capital International Investors has sole power to vote or direct the vote

Sole dispositive power 9,703,619 shares Shares for which Capital International Investors has sole power to dispose or direct disposition

Key Terms

beneficial owner, Sole Voting Power, Sole Dispositive Power, Schedule 13G, +1 more

5 terms

beneficial owner financial

"CII is deemed to be the beneficial owner of 9,703,619 shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Sole Voting Power financial

"5 | Sole Voting Power 9,446,619.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 9,703,619.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"Capital International Investors reported beneficial ownership on a Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"(b) | Percent of class: 5.5 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What stake in Public Storage (PSA) does Capital International Investors report?

Capital International Investors reports beneficial ownership of 9,703,619 Public Storage shares, representing 5.5% of the 175,545,748 shares believed to be outstanding, based on its Schedule 13G filed as of June 30, 2026.

How much voting power does Capital International Investors have in Public Storage (PSA)?

Capital International Investors reports sole voting power over 9,446,619 Public Storage shares and no shared voting power, indicating it alone can vote or direct the vote for those shares.

How many Public Storage (PSA) shares can Capital International Investors dispose of?

Capital International Investors reports sole dispositive power over 9,703,619 Public Storage shares and no shared dispositive power, meaning it can independently decide whether to sell or otherwise dispose of those shares.

What percentage of Public Storage (PSA) does 9,703,619 shares represent?

The 9,703,619 Public Storage shares beneficially owned by Capital International Investors represent 5.5% of the 175,545,748 shares believed to be outstanding, crossing the 5% threshold that triggers a Schedule 13G filing.

Who is Capital International Investors in relation to Public Storage (PSA)?

Capital International Investors is a division of Capital Research and Management Company and its investment management affiliates, acting as an institutional investor that beneficially owns 5.5% of Public Storage’s common stock according to the Schedule 13G.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 10:29 AM Accepted by SEC EDGAR 08/12/2026 - 10:28 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Public Storage

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74460D109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 74460D109

1

Names of Reporting Persons

Capital International Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,446,619.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,703,619.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,703,619.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Public Storage
(b)	Address of issuer's principal executive offices: 2811 INTERNET BOULEVARD, FRISCO, TX 75034
Item 2.
(a)	Name of person filing: Capital International Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 74460D109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9,703,619 ** **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 9,703,619 shares or 5.5% of the 175,545,748 shares believed to be outstanding.
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,446,619
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9,703,619
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital International Investors

Signature:	Aaron Espin
Name/Title:	Senior Vice President
Date:	07/29/2026