Form 8-K · Current Report · Filed 2026-07-22
Public Storage Completes Acquisition of National Storage Affiliates
Public Storage has completed its acquisition of National Storage Affiliates Trust, enhancing its position as a leading global self-storage platform.
- Filer
- PSA PSA
- Filed
- Accession
- 0001193125-26-312563
- CIK
- 0001393311
- Signal
- High impact
- Source
- Official filing on sec.gov ↗
Details
The transaction involved the issuance of new Public Storage common shares, preferred shares, and the creation of a joint venture with certain former NSA limited partners. The acquisition is expected to be accretive to FFO per share within the first year, with accretion increasing to approximately $0.35 to $0.50 per share upon realization of $110 to $130 million in run-rate synergies over three to four years.
Items reported
Reported Item
Market reaction
Close before filing
$309.75
Next session
+1.7%
Since filing
+4.7%
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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