Form 8-K · Current Report · Filed 2026-07-10
Public Storage Announces $900 Million Senior Notes Offering
On July 9, 2026, Public Storage and its subsidiary, Public Storage Operating Company (PSOC), entered into an underwriting agreement for the sale of $900 million aggregate principal amount of senior notes in two tranches.
- Filer
- PSA PSA
- Filed
- Accession
- 0001193125-26-301175
- CIK
- 0001393311
- Signal
- High impact
- Source
- Official filing on sec.gov ↗
Details
The first tranche of $400 million due 2032 will bear interest at an annual rate of 4.700% and mature on February 1, 2032. The second tranche of $500 million due 2036 will bear interest at an annual rate of 5.150% and mature on August 15, 2036. The offering is expected to close on July 20, 2026, and the net proceeds will be used to finance the acquisition of National Storage Affiliates Trust, among other corporate purposes.
Items reported
Reported Item
Market reaction
Close before filing
$319.35
Next session
+0.8%
Since filing
+1.5%
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 12 Form 4 transactions — net selling of $194K.
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