Public Storage Announces Acquisition of Public Storage Canada and Raises Full-Year Guidance

Summary

Public Storage reported its second-quarter 2026 financial results, announcing a net income of $502.9 million and Core FFO per share of $4.17. The company raised its full-year guidance following strong performance in the first half of the year. Notable events include the completion of the merger with National Storage Affiliates, the acquisition of 20 self-storage facilities, and the announcement of the acquisition of Public Storage Canada for $1.2 billion. The company also expanded its financial flexibility by executing forward sale agreements and entering into a new $3.0 billion unsecured revolving credit facility.