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.
The Public Storage (NYSE: PSA) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Public Storage is an S&P 500 real estate investment trust that primarily acquires, develops, owns, and operates self-storage facilities and reports under Commission File Number 001-33519.
Through its Forms 8-K, Public Storage reports material events and operating updates, including quarterly and year-to-date financial results, acquisitions of self-storage facilities, development and expansion activity, and changes in its Board of Trustees. These filings often include reconciliations from net income to Funds from Operations (FFO) and Core FFO, as well as detailed Same Store Facilities operating metrics such as occupancy and annual contract rent per occupied square foot.
Filings also document capital markets transactions. Public Storage Operating Company, a subsidiary of Public Storage, issues unsecured senior notes that are guaranteed by the company. Related 8-K filings describe underwriting agreements, interest rates, maturities, covenants, and the intended use of proceeds, such as repaying existing notes and funding acquisitions or general corporate purposes. Other filings list the company’s common shares, multiple series of cumulative preferred shares represented by depositary shares, and guarantees of senior notes, all registered and traded on the New York Stock Exchange.
On this page, Stock Titan enhances PSA’s SEC filings with AI-powered summaries that explain the significance of each document in clear language. Real-time updates from EDGAR allow users to review new 8-Ks and other filings as they are posted, while AI highlights key figures, capital structure changes, and portfolio developments. Investors can also use this page to reference historical filings for context on Public Storage’s self-storage operations, financing strategy, and dividend-related disclosures.
Public Storage discussed its proposed acquisition of National Storage Affiliates Trust (NSA), describing the deal as a portfolio combination that will place over 1,000 assets onto Public Storage’s platform with Public Storage wholly owning 46% of those assets and the remainder held in joint ventures. Management reiterated expected synergies of $110 million to $130 million over time, and unchanged near-term guidance while forecasting stabilization-driven per-share accretion of $0.35 to $0.50 by 2028–2029. Integration planning is underway with a target to move NSA assets onto the PS Next operating platform and to begin rebranding and integration in the third quarter; timing and completion remain subject to customary closing conditions and required approvals.
Public Storage discussed its proposed acquisition of National Storage Affiliates Trust (NSA), describing the deal as a portfolio combination that will place over 1,000 assets onto Public Storage’s platform with Public Storage wholly owning 46% of those assets and the remainder held in joint ventures. Management reiterated expected synergies of $110 million to $130 million over time, and unchanged near-term guidance while forecasting stabilization-driven per-share accretion of $0.35 to $0.50 by 2028–2029. Integration planning is underway with a target to move NSA assets onto the PS Next operating platform and to begin rebranding and integration in the third quarter; timing and completion remain subject to customary closing conditions and required approvals.
Public Storage reported higher quarterly profitability with stable core operations and continued portfolio growth. For the quarter ended March 31, 2026, total revenues reached $1.22 billion and net income allocable to common shareholders increased to $476.8 million, or $2.71 per diluted share, helped by a large foreign currency gain on Euro debt.
Self‑storage net operating income rose 2.6% to $822.4 million, with Same Store revenues flat, slightly higher occupancy, and modestly lower operating costs, while non‑same store assets contributed most of the NOI growth. Core FFO per share increased 2.4% to $4.22, reflecting underlying cash earnings.
The company continued to expand, owning 3,176 U.S. self‑storage facilities totaling about 229.8 million net rentable square feet, and remained well within debt covenants with notes payable of $9.77 billion and Debt to Total Assets of approximately 18%. Public Storage also announced an all‑stock merger agreement to acquire National Storage Affiliates Trust, which would add more than 1,000 properties and create a large joint venture platform, pending NSA shareholder approval and customary closing conditions.
Public Storage reported first-quarter 2026 results and updated 2026 guidance. Net income per diluted share was $2.71 and Core FFO per share was $4.22 for the quarter. The company announced a pending all‑stock acquisition of National Storage Affiliates (enterprise value ~$10.5 billion) expected to add $0.35 to $0.50 to Core FFO per share at stabilization. Public Storage completed a $500 million senior note offering at 5.00% and reported $10.1 billion total indebtedness and approximately $1.9 billion liquidity as of March 31, 2026. Management reaffirmed 2026 Core FFO per share guidance of $16.35–$17.00.
Public Storage reported first-quarter 2026 results and updated 2026 guidance. Net income per diluted share was $2.71 and Core FFO per share was $4.22 for the quarter. The company announced a pending all‑stock acquisition of National Storage Affiliates (enterprise value ~$10.5 billion) expected to add $0.35 to $0.50 to Core FFO per share at stabilization. Public Storage completed a $500 million senior note offering at 5.00% and reported $10.1 billion total indebtedness and approximately $1.9 billion liquidity as of March 31, 2026. Management reaffirmed 2026 Core FFO per share guidance of $16.35–$17.00.
Public Storage reported stronger first quarter 2026 results, with net income per share rising to $2.71 from $2.04, a 32.8% increase. Core funds from operations per share grew to $4.22 from $4.12, up 2.4%, as self-storage revenues reached $1.22 billion.
The company announced a pending all-stock acquisition of National Storage Affiliates valued at approximately $10.5 billion, expected to add $0.35 to $0.50 to Core FFO per share at stabilization, with closing targeted for the third quarter of 2026, subject to NSA holder approval.
Management reaffirmed 2026 guidance, including Same Store net operating income growth between (3.9)% and (0.5)% and Core FFO per share between $16.35 and $17.00. The balance sheet shows $10.1 billion of total debt, a 3.3% weighted average interest rate, and about $1.9 billion of available liquidity as of March 31, 2026.
Public Storage director Ronald P. Spogli exercised derivative awards tied to company equity. On this Form 4, he exercised 971.88 LTIP Units and 5,163 AO LTIP Units, each convertible into the same number of Common Shares through OP Units, using a “net exercise” structure described in the footnotes.
After the transactions, he directly holds 5,909.6 LTIP Units and no AO LTIP Units. According to the footnotes, vested LTIP Units can become OP Units, which are redeemable at the holder’s election for either one Common Share per OP Unit or the cash value of a Common Share, at the company’s option.
Public Storage director Avedick Baruyr Poladian exercised equity awards into common share equivalents through LTIP-based partnership units. On April 20, 2026, he exercised 1,023.44 LTIP Units and 5,163 AO LTIP Units, representing derivative rights over an aggregate 6,186.44 underlying Common Shares.
The AO LTIP Units had a conversion price of $250.29 per unit and were fully exercised, leaving no AO LTIP Units outstanding. Following the LTIP transaction, he held 4,784.71 LTIP Units, which are structured to convert into OP Units and then into Common Shares or cash at the company’s option, as described in the footnotes.
Public Storage director Ronald L. Havner Jr. reported a bona fide gift of 734 Common Shares on April 14, 2026, transferring them to his trust. The gift was made at a stated price of $0.00 per share and is a non-market transaction.
After the gift, Havner directly holds 6,726.59 Common Shares, including 2,726.59 deferred share units tied to previously granted restricted share units. He also has indirect ownership of 317,787 Common Shares through the Havner Family Trust and 1,900 Common Shares through his spouse’s IRA.
Public Storage director Avedick B. Poladian reported a series of bona fide gift transfers of the company’s common shares. On April 10, 2026, he recorded six gift transactions covering a total of 12,000 shares, including transfers of 2,000 shares to each of three AMMEA trusts where he serves as trustee. Following these changes, he holds 24,163 shares directly, 2,000 shares in each of the three trusts, and 1,000 shares indirectly through an IRA.
Public Storage Operating Company, a subsidiary of Public Storage, completed an offering of $500 million 5.000% Senior Notes due December 15, 2035, guaranteed by Public Storage.
The notes pay 5.000% annual interest, with semi-annual payments each June 15 and December 15, starting June 15, 2026. They are unsecured, unsubordinated obligations ranking equally with PSOC’s other unsecured, unsubordinated debt. Public Storage may redeem the notes at a make-whole price, or at 100% of principal plus accrued interest if redeemed on or after September 15, 2035.
The indenture includes covenants limiting additional secured and unsecured borrowing and major mergers or asset sales, and requires PSOC to maintain total unencumbered assets of at least 125% of total unsecured indebtedness, along with customary events of default.
Public Storage, through its subsidiary Public Storage Operating Company (PSOC), is raising $500 million by issuing senior notes due 2035. The notes will bear interest at an annual rate of 5.000%, be issued at 99.182% of par value, and mature on December 15, 2035. PSOC will pay interest semi-annually on June 15 and December 15, starting June 15, 2026, and the offering is expected to close on April 6, 2026, subject to customary conditions.
PSOC expects to use the net proceeds primarily to repay amounts under its revolving credit facility and for general corporate purposes. These may include investments in self-storage facilities, repayment of other debt and the redemption of outstanding securities. The notes are guaranteed by Public Storage and were offered under an existing shelf registration statement.