Public Storage Subsidiary Issues C$400 Million Senior Notes

Details

The Notes are issued under an Indenture dated September 16, 2026, and are guaranteed by Public Storage and Public Storage Operating Company. The Notes bear interest at 4.540% per annum, payable semi-annually, and mature on September 16, 2033. The Indenture includes covenants limiting certain activities of PS Canada and PSOC, and provides for customary events of default.

Items reported

About Public Storage

Public Storage is a real estate investment trust that owns, develops, and operates self-storage facilities for residential and business customers. The company provides a broad range of storage solutions, including traditional self-storage units, business storage, vehicle and RV storage, and climate-controlled spaces. Its portfolio also includes ancillary operations such as tenant reinsurance, third-party self-storage management, and bridge lending related to the storage sector. Public Storage serves a wide market across the United States and also maintains an interest in self-storage operations in Western Europe through Shurgard. As one of the largest players in the self-storage market, Public Storage plays a central role in providing flexible space solutions for individuals, households, and organizations needing short- or long-term storage capacity.