Public Storage Announces $2 Billion Equity Distribution Agreement

Summary

On December 2, 2024, Public Storage entered into an Equity Distribution Agreement with various financial institutions to offer and sell up to $2 billion of its common shares. The proceeds from the offering will be used for general corporate purposes, including acquisitions. The Company may sell shares through its designated managers, either directly or via forward sale agreements. The agreement includes customary representations, warranties, and indemnification provisions.