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Form 8-K · Current Report · Filed 2026-04-06

Public Storage Completes $500 Million Senior Notes Offering

On April 6, 2026, Public Storage Operating Company, a subsidiary of Public Storage, completed the issuance of $500 million 5.000% Senior Notes due 2035.

Filer
PSA PSA
Filed
Accession
0001193125-26-143776
CIK
0001393311
Signal
Medium impact

Details

The notes, guaranteed by Public Storage, bear interest at 5.000% per annum and are payable semi-annually. The offering was made under an indenture dated September 18, 2017, as supplemented by a Sixteenth Supplemental Indenture dated August 14, 2023, and a Twenty-Second Supplemental Indenture dated April 6, 2026. The indenture includes covenants that limit the company's ability to incur additional debt and engage in certain transactions. The notes are the company's direct, unsecured, and unsubordinated obligations.

Items reported

Item events

Reported Item

New Debt Issued

Market reaction

Close before filing

$280.35

Next session

-0.4%

Since filing

+15.6%

Latest close

$324.17

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PSA reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, PSA insiders reported 11 Form 4 transactions — flat net activity.

Full PSA insider history →

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