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Form 8-K · Current Report · Filed 2026-06-22

Public Storage Announces Acquisition of Public Storage Canada

Public Storage, the largest owner of self-storage facilities, has entered into an agreement to acquire Public Storage Canada for approximately $1.2 billion.

Filer
PSA PSA
Filed
Accession
0001193125-26-277592
CIK
0001393311
Signal
High impact
Source
Official filing on sec.gov ↗

Details

The transaction, primarily funded with Public Storage Operating Partnership Units and cash, is expected to provide attractive growth opportunities in major Canadian markets. The acquisition includes an existing Public Storage-branded portfolio and is expected to close in the second half of 2026, subject to customary closing conditions.

Items reported

Item events

Reported Item

M&A Transaction Strategic Partnership Corporate Update

Market reaction

Close before filing

$318.12

Next session

+1.0%

Since filing

+1.9%

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:

Public Storage Releases Operating Update for April-May 2026-1.5%
Public Storage Announces Election Results from 2026 Annual Meeting+0.1%
Public Storage Announces Acquisition of National Storage Affiliates Trust-3.6%
Public Storage Completes $500 Million Senior Notes Offering-0.4%
Public Storage Announces Issuance of $500 Million Senior Notes+1.7%

Insider tape

Within 45 days of this filing, PSA insiders reported 12 Form 4 transactions — net selling of $194K.

Full PSA insider history →

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