US · Real Estate · REIT - Industrial
EPS came in at 4.17 against a street estimate of 4.25 — a miss of 1.9%.
Analysts rate Public Storage a buy (12 buy, 9 hold, 0 sell out of 21) with an average price target of $336.33.
CONFIDENT PSA closed NSA acquisition, acquired Canadian portfolio, raised FY26 guidance across metrics. Q2 same-store revenue −0.6%, but occupancy and move-in rents turned positive YoY first time since 2021. $0.02 financing benefit from deals. Q2 2026 Coastal/Midwest (LA, SF, Boston, Philly, Minneapolis) leading. Sunbelt (Tampa, Orlando, Atlanta, Charlotte) sequentially improving but still negative YoY; absorption ongoing. LA rent restrictions expired July 1; phased recapture strategy being implemented. Analysts focused on LA recapture pace (phased/measured), NSA synergies (14K offline units, expansion greenlit, visibility improved), equity raise rationale ($0.30+ spread to cost of capital on lease-up assets), and Sunbelt inflection timing (sequential improving, negative full-year, 2027 recovery). Management emphasized micro-market focus, platform confidence, and disciplined capital allo…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 8.96% |
| Vanguard Portfolio Management, LLC | 7.25% |
| Vanguard Capital Management, LLC | 5.50% |
| State Street Corp | 5.48% |
| Capital Research & Mgmt Co - Division 3 | 5.08% |
| T. Rowe Price Associates, Inc. | 3.02% |
| Cohen & Steers Inc | 2.80% |
| NORGES BANK | 2.32% |
| Document | Date |
|---|---|
| Material agreement · Q3 2026 PUBLIC STORAGE - 8-K SUMMARY HEADLINE NUMBERS • Company: Public Storage (NYSE: PSA), Maryland-incorporated REIT • Debt Issuance: C$400 million in se | 2026-09-16 |
| Reg FD disclosure · Q3 2026 PUBLIC STORAGE (PSA) – FORM 8-K SUMMARY HEADLINE NUMBERS • Document filed: September 14, 2026 • Company: Public Storage, Maryland-incorporated REIT | 2026-09-14 |
| Material agreement · Q3 2026 PUBLIC STORAGE (PSA) - 8-K SUMMARY HEADLINE NUMBERS • Company issuing C$400 million (Canadian dollars) in senior notes due 2033 • Interest rate: 4.5 | 2026-09-10 |
| Reg FD disclosure · Q3 2026 PUBLIC STORAGE (PSA) – 8-K SUMMARY HEADLINE NUMBERS • Acquisition completed: Public Storage acquired PS Canada Holdings, LLC on September 1, 2026 • | 2026-09-01 |
| Board / officer change · Q3 2026 PUBLIC STORAGE (PSA) - 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Public Storage appointed S. Wade Sheek as Chief Legal Officer and Corporate Secre | 2026-08-10 |
| Quarterly report · Q2 2026 PUBLIC STORAGE - FORM 10-Q SUMMARY For Quarterly Period Ended June 30, 2026 --- HEADLINE NUMBERS • Total Assets: $20.12 billion (down from $20.21 b | 2026-07-29 |
| Results announced · Q3 2026 PUBLIC STORAGE Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net Income per share Q2 2026: $2.55, up 44.9% from $1.76 in Q2 2025 • Core FFO per share | 2026-07-29 |
| Material agreement · Q3 2026 SUMMARY: PUBLIC STORAGE – NSA ACQUISITION COMPLETION (8-K FILING) HEADLINE NUMBERS • Acquisition of National Storage Affiliates Trust (NSA) complete | 2026-07-22 |
Readable in the app.
| Action | Detail | Date |
|---|---|---|
| Dividend | $3.00 / share ex-date Sep 15, 2026 · pay Oct 6, 2026 | 2026-09-15 |
| Dividend | $3.00 / share ex-date Jun 15, 2026 · pay Jun 30, 2026 | 2026-06-15 |
| Dividend | $3.00 / share ex-date Mar 16, 2026 · pay Mar 31, 2026 | 2026-03-16 |
| Dividend | $3.00 / share ex-date Dec 15, 2025 · pay Dec 30, 2025 | 2025-12-15 |
| Dividend | $3.00 / share ex-date Sep 15, 2025 · pay Sep 30, 2025 | 2025-09-15 |
| Announcement | Date |
|---|---|
| Completion of merger with NSA OP, issuance of preferred and OP units Public Storage completed its merger with National Storage Affiliates (NSA) on July 21, 2026. As part of the deal, Public Storage issued approximately 4.1 million operating units to former NS | 2026-07-22 |
| Transaction announced with closing conditions and regulatory approval requirements pending Public Storage filed an 8-K on June 22, 2026, disclosing a transaction (details provided in attached press release and investor presentation). The filing is largely procedural, containing st | 2026-06-22 |
| Possible transaction between two storage companies under consideration National Storage Affiliates Trust (NSA) announced a proposed merger with Public Storage. This 8-K filing contains forward-looking statements and regulatory disclosures about the transaction, | 2026-03-16 |
| Acquired or under contract to acquire 88 self-storage facilities Public Storage released an operating update for its self-storage facilities showing mixed but predominantly concerning trends. For the eleven months ended November 30, 2025, same-store facil | 2025-12-08 |
Technicals, trade setups with a published hit rate, AI analysis and earnings-call summaries for Public Storage — free to start.
Google PlayApp StoreData updated 2026-09-18.