Highest-materiality recent filing
Q2 net income per share $2.55, up 44.9% YoY; Core FFO per share $4.17, down 2.6% YoY.
Public Storage closes acquisition of National Storage Affiliates Trust; issues ~11.2M common shares
NSA common shareholders received 0.14 PSA common share per NSA share; total ~11.2M PSA common shares issued.
Public Storage subsidiary issues $900M in senior notes; special redemption tied to NSA deal
PSOC issued $400M 4.700% Senior Notes due 2032 and $500M 5.150% Senior Notes due 2036.
Public Storage issues $900M senior notes to fund National Storage Affiliates Trust acquisition
$400M 4.700% notes due 2032 at 99.283%; $500M 5.150% notes due 2036 at 98.553%.
Public Storage COO Chris Sambar resigns to join T-Mobile; operations team to report to CEO
Chris Sambar resigns as COO effective end of July 2026 to become Chief Enterprise Officer at T-Mobile.
Public Storage closes $3.0B revolver, $500M term loan, establishes $1.0B commercial paper program
Revolver upsized from $1.5B to $3.0B; matures June 25, 2030 with extension options.
Public Storage acquires PS Canada for ~$1.2B, enters Canadian self-storage market
Deal valued at ~$1.2B USD ($1.67B CAD): $889M in OP units (2.76M units at $321.98/ea) plus $310M cash.
Public Storage Q1 Core FFO $4.22, net income $2.71; reaffirms FY guidance; CEO Tom Boyle appointed
Q1 Core FFO $4.22/share (up 2.4% YoY); net income $2.71/share (up 32.8%).
Public Storage closes $500M offering of 5.000% senior notes due 2035
PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.
Public Storage to acquire National Storage Affiliates Trust; NSA shares get 0.1400 PSA shares
NSA common shareholders to receive 0.1400 PSA common shares per share in stock-for-stock merger.
Public Storage to acquire National Storage Affiliates in $10.5B all-stock deal
All-stock transaction: NSA shareholders receive 0.14 PSA shares per NSA share, valued at $41.68 per NSA share.
Public Storage announces CEO succession, new Chairman, relocation to Frisco, and PS4.0 strategy
CEO Joe Russell retiring March 31, 2026; CFO Tom Boyle appointed CEO effective April 1, 2026.
Q4 net income $2.60 per share vs $3.21 YoY; Core FFO $4.26 vs $4.21 (+1.2%).
Q4 2025 move-in rent per sq ft down 10.6% YoY to $11.60; occupancy at 91.0%, up 50 bps from Dec 2024.
Two-month move-in avg annual contract rent $11.55/sq ft, down 10.0% YoY from $12.84/sq ft.
Public Storage Q3 Core FFO $4.31, beats; raises 2025 guidance; acquires $511M in facilities
Net income allocable to common shareholders $461.4M ($2.62/diluted share) vs $380.7M ($2.16) in Q3 2024, up 21.2%.
Same-store occupancy at 91.3% vs 91.6% a year ago; move-in rents fell 7.9% YoY to $13.57/sq ft.
Public Storage Q2 core FFO $4.28 (+1.2% YoY); net income down 34%; appoints new trustee
Net income allocable to common shareholders of $309M ($1.76/diluted), down from $468M ($2.66) in Q2 2024, on $158.5M FX loss.
Public Storage issues $875M in two-tranche senior notes at 4.375% (2030) and 5.000% (2035)
$475M of 4.375% senior notes due 2030 issued at 99.707% of par; $400M of 5.000% notes due 2035 at 99.557%.
Public Storage Q1 net income down 22% to $358M; Core FFO per share up 2.2% to $4.12
Net income allocable to common shareholders: $358.2M / $2.04 diluted share vs $459.2M / $2.60 in Q1 2024.
Public Storage Q4 Core FFO $4.21/sh; 2025 guidance assumes $0.23 LA fire hit
Q4 net income $3.21/diluted share; Core FFO $4.21/diluted share vs $4.20 YoY.
Public Storage establishes $2B at-the-market equity distribution program
Up to $2B of common shares may be sold through managers including Morgan Stanley, BofA, and Goldman Sachs.
Public Storage appoints Christopher Sambar as COO and principal operating officer
Sambar, 51, joined Oct 14, 2024; previously President of AT&T Network overseeing ~27,000 employees.
Public Storage Q3 EPS $2.16, Core FFO $4.20; Same Store NOI down 2.5%
Diluted EPS $2.16 vs $3.20 in Q3 2023; Core FFO per share $4.20 vs $4.33.
Public Storage Q3 operating update: move-in rents down 9.4% YoY, occupancy slips to 91.6%
Average annual contract rent per sq ft for move-ins fell 9.4% to $14.82 from $16.36 YoY.
Public Storage Q2 net income $2.66/sh; core FFO $4.23; cuts 2024 outlook
Net income $468.4M ($2.66/diluted) vs $528.3M ($3.00) YoY; core FFO $4.23 vs $4.28.
Public Storage reports May 2024 operating update: move-in rents down 15.6% YoY
Same-store move-in average annual rent per sq ft fell to $14.05 from $16.65 (-15.6% YoY).
Public Storage Q1 net income down 1.8% to $2.60 EPS; Core FFO $4.03, down 1.2% YoY
Net income allocable to common shareholders $459.2M ($2.60 diluted EPS) vs $467.6M ($2.65) in Q1 2023.
Public Storage subsidiary issues $700M floating rate + $300M 5.35% notes; €150M private placement
PSOC issued $700M Floating Rate Senior Notes due 2027 (SOFR+0.70%) and $300M 5.350% Senior Notes due 2053, guaranteed by Public Storage.
Public Storage Q4 Core FFO $4.20 (+1% YoY); 2024 guidance $16.80-$17.20
Q4 net income $389.7M ($2.21 diluted EPS); Core FFO $4.20 per share, up 1.0% YoY.
Public Storage Q4 same-store occupancy 91.6%; move-in rents down 17.8% YoY
Same-store occupancy fell to 91.6% at Dec 31, 2023 from 92.3% a year earlier.
Public Storage Q3 Core FFO $4.33 (+4.8% YoY); raises 2023 guidance to $16.95-$17.15
Net income allocable to common shares $563.2M ($3.20/diluted) vs $2.7B in Q3 2022 which included $2.1B gain on sale of PSB.
Public Storage closes $2.2B acquisition of Simply Self Storage from BREIT
Acquisition of 127 wholly-owned properties (9M net rentable sq ft) across 18 states.
Public Storage July-Aug operating update: same-store occupancy 92.4%, move-in rents down 17.1% YoY
Same-store occupancy at Aug 31, 2023 was 92.4%, down from 93.3% a year ago.
On July 2, 2026, Chris Sambar, the Chief Operating Officer of Public Storage (the “Company”), resigned effective at the end of July to join T-Mobile as Chief Enterprise Officer.
On October 30, 2024, the Board of Trustees of Public Storage appointed Christopher Sambar, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately.
On July 25, 2024, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to twelve trustees and, in connection with such increase, appointed Maria R. Hawthorne to the Board, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders.
On July 21, 2023, Public Storage (the “Company”) announced that David Lee, the Company’s Chief Operating Officer, resigned for personal reasons effective August 1, 2023.
On February 21, 2023, Public Storage announced the appointment of David Lee, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately.
Max materiality 1.00 · Median 0.65 · Most common event other_material