Noticias y eventos de Public Storage (PSA)PSAPublic Storage

Public Storage Q3 Revenue Exceeds Expectations at $1.37B

Reports Q3 revenue $1.37B, consensus $1.31B. "Public Storage's third quarter performance was better than expected and demonstrates the strength and scalability of our platform as well as improving industry fundamentals. We continue to post encouraging trends on churn, occupancy, and move-in rates, which drove positive Same Store revenue, NOI and Core FFO per share growth," said Tom Boyle, Chief Executive Officer. "The successful completion of the National Storage Affiliates and Public Storage Canada acquisitions marks an important advancement of our PS4.0 strategy. We are moving quickly to integrate these portfolios, deploy the operational advantages of PS Next, and capture the significant value creation opportunities available across our broader North American footprint."

Public Storage Completes Acquisition of Public Storage Canada for Approximately $1.2B

Public Storage completed its acquisition of Public Storage Canada. The company paid consideration worth approximately $1.2B at closing, consisting of approximately $900M of Public Storage OP units and approximately $310M in cash, subject to customary purchase price adjustments. The transaction also includes an opportunity for the sellers to receive earn-out consideration of up to $288M in Public Storage OP units priced at $375 per unit, contingent on the achievement of certain NOI performance targets. All values are presented in USD. With this milestone, Public Storage assumes direct ownership of a portfolio that has operated under the Public Storage brand in Canada for decades, adding major Canadian markets alongside its leading position in the United States and its presence in Europe through Shurgard. The acquisition is expected to be accretive to Public Storage's long-term IRR, NOI growth, and FFO per share. Public Storage expects to achieve near-term compounding NOI growth in the high single-digits.

Public Storage Reports Q2 Revenue of $1.23B

Reports Q2 revenue $1.23B, consensus $1.23B. "2026 has been a very strategic and beneficial year in the capital markets for Public Storage, setting up our balance sheet and value creation engine for years to come," said Joe Fisher, President and Chief Financial Officer. "Year-to-date, we have had $5.9 billion of debt capital markets activity and $6.0 billion of common share and partnership unit issuance or committed issuance. These deliberate actions further strengthen our industry best balance sheet, enhance our liquidity and financial flexibility, and fully fund our accretive external growth, including the acquisitions of NSA and Public Storage Canada."