---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-143776"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:16:12.783800+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Public Storage closes $500M offering of 5.000% senior notes due 2035

## Summary
- PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.
- Interest payable semi-annually starting June 15, 2026; notes are unsecured and unsubordinated.
- Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.
- Notes redeemable at make-whole price, or at par after Sep 15, 2035.

## SEC filing metadata
- accession: 0001193125-26-143776
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/0001193125-26-143776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/d120881d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-143776
- JSON: https://secwatch.observer/filing/0001193125-26-143776.json
- Plain text: https://secwatch.observer/filing/0001193125-26-143776.txt

## Source-grounded claims
- claim_id: 8a96b057d764e634d0cf68700877e4175d016d47
  claim: Public Storage incurred senior notes of $500 million with Computershare Trust Company, N.A. at 5.000% per annum maturing December 15, 2035.
  evidence_excerpt: On April 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.000% Senior Notes due 2035 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/0001193125-26-143776-index.htm
- claim_id: faebd66ea691ccc1d823caa5ed019588f6d0ba7d
  claim: Public Storage entered into Twenty-Second Supplemental Indenture relating to 5.000% Senior Notes due 2035 with Computershare Trust Company, N.A. valued at $500,000,000 5.000% Senior Notes due 2035 (effective 2026-04-06).
  evidence_excerpt: On April 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.000% Senior Notes due 2035 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/0001193125-26-143776-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.