Public Storage closes $2.2B acquisition of Simply Self Storage from BREIT

Public Storage

Acquisition of 127 wholly-owned properties (9M net rentable sq ft) across 18 states.
65% of properties located in high-growth Sunbelt markets.
Funded via $2.2B of senior unsecured notes; transaction expected to be accretive to FFO per share.
Since 2019, Public Storage expanded portfolio by 54M sq ft (33%) through $10.7B in acquisitions, development, and redevelopment.
Adds 25 properties to PS Advantage third-party management platform.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.