PSA - Mergers and acquisitions

Public Storage (NYSE:PSA) announced today that on May 6, 2026, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on June 30, 2026, to shareholders of record as of June 15, 2026. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2026, we: (i) owned and/or operated 3,546 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% comm

Public Storage (NYSE:PSA) and Welltower (NYSE:WELL) today announced a strategic data science partnership bringing together Welltower's industry-leading data science-driven capital allocation expertise and Public Storage's scaled operational, pricing, and customer analytics capabilities. Welltower's industry-leading data science platform – the company's umbrella term encompassing machine learning, deep learning, and AI – was formed in 2016 and has since been led by a multidisciplinary team of Ph.D. computer scientists, engineers, statisticians, and mathematicians. This data science-driven capital allocation engine is designed to dynamically direct capital to the highest risk-adjusted retur

Public Storage (NYSE:PSA) announced today that on February 17, 2026, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on March 31, 2026, to shareholders of record as of March 16, 2026. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2025, we: (i) owned and/or operated 3,533 self-storage facilities located in 40 states with approximately 258 million net rentable square feet in the United States and (ii) owned

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2025 dividends. For the tax year ended December 31, 2025, distributions for the PSA common stock and all the various series of preferred stock were classified as follows:   2025 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter           Ordinary Dividends 100.0000%   100.0000%   100.0000%   100.0000% Capital Gain Distributions 0.0000%   0.0000%   0.0000%   0.0000%               Total 10

Public Storage (NYSE:PSA) announced today that on August 26, 2025, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on September 30, 2025, to shareholders of record as of September 15, 2025. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2025, we: (i) owned and/or operated 3,432 self-storage facilities located in 40 states with approximately 250 million net rentable square feet in the United States and (ii) own

Ki Corporation and Public Storage (NYSE:PSA) (together, the "Consortium") announced today the withdrawal of their non-binding indicative offer to acquire Abacus Storage King (ASX:ASK) following a comprehensive due diligence period. "We appreciate Abacus Storage King's partnership through the due diligence processes," said Joe Russell, Public Storage's Chief Executive Officer. "Following extensive review, we were unable to match their Independent Board Committee's value assessment. This decision reflects our financial discipline and confidence in the wide array of opportunities available to continue enhancing our portfolio. Our opportunity set is expanding and, with more than $785 million

Abacus Storage King and the Consortium agree to proceed with due diligence Ki Corporation and Public Storage (NYSE:PSA) (together, the "Consortium") announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. "We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Corporation," said Joe Russell, Public Storage's Chief Executive Officer. "Public Storage has proven success internationally, and we are excited by the prospe

Public Storage (NYSE:PSA) announced today that on May 7, 2025, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on June 27, 2025, to shareholders of record as of June 12, 2025. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common

Ki Corporation ("Ki") and Public Storage (NYSE:PSA, the "Company")) (together, the "Consortium") announced today the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King (ASX:ASK) that are not already held by Ki or its subsidiaries (together, the "Ki Group") for A$1.47 per stapled security. The Ki Group is currently ASK's major securityholder and each of Ki and Public Storage would have approximately 50% interest following the transaction. Abacus Storage King is one of the largest self-storage owners in Australia and New Zealand with approximately 126 operating properties, 21 development sites, and 75 managed/license

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2024 dividends. For the tax year ended December 31, 2024, distributions for the PSA common stock and all the various series of preferred stock were classified as follows:   2024   1st Quarter   2nd Quarter   3rd Quarter   4th Quarter                 Ordinary Dividends 100.0000%   100.0000%   100.0000%   100.0000% Capital Gain Distributions 0.0000%   0.0000%   0.0000%   0.0000%               Total 100.0000%   100.0000%   100.000

Public Storage (NYSE:PSA, the "Company"))) announced today that Chris Sambar has joined the Company as Chief Operating Officer. Mr. Sambar brings significant leadership experience to Public Storage. Most recently, he was President at AT&T Communications and led approximately 27,000 employees across network operations. Prior to this role, he served in various leadership positions, including sales, operations, and corporate strategy, since joining AT&T in 2002. Mr. Sambar is a former United States Navy SEAL and has undergraduate and graduate degrees from the United States Naval Academy and the University of Southern California, respectively. Mr. Sambar's focus on people, strategy, and innov

Public Storage (NYSE:PSA) announced today that on August 1, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on September 30, 2024, to shareholders of record as of September 13, 2024. About Public Storage Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2024, we had: (i) interests in 3,049 self-storage facilities located in 40 states with approximately 219 million net rentable square feet in the United States

Public Storage (NYSE:PSA) announced today the release of its 2024 Sustainability Report. The report highlights the Company's dedication to sustainability, detailing the integral role of its engaged and diverse team, innovative and sustainable operations, and financial fortitude in fostering long-term resilience, growth, and value creation. Public Storage's recent sustainability highlights include: Setting a new, ambitious 45% reduction target for scope 1 and scope 2 greenhouse gas emissions by 2032 based on a 2022 baseline; More than doubling our properties with solar power generation, with plans to reach 1,300 properties by 2025; Continuing partnerships to deploy community solar

Public Storage (NYSE:PSA) announced today that on May 8, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on June 27, 2024, to shareholders of record as of June 12, 2024. About Public Storage Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2024, we had: (i) interests in 3,045 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 3

Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on March 28, 2024, to shareholders of record as of March 13, 2024. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States an

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2023 dividends. For the tax year ended December 31, 2023, distributions for the PSA common stock and all the various series of preferred stock were classified as follows:   2023             1st Quarter 2nd Quarter 3rd Quarter 4th Quarter   Ordinary Dividends 100.0000% 100.0000% 100.0000% 100.0000% Capital Gain Distributions 0.0000% 0.0000% 0.0000% 0.0000%       Total 100.0000% 100.0000% 100.0000%

Public Storage (NYSE:PSA) announced today that on November 8, 2023, our Board of Trustees declared a regular common quarterly dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on December 28, 2023, to shareholders of record as of December 13, 2023. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United Sta

Public Storage (NYSE:PSA), the world's leading owner of self-storage facilities, announced today that the Company is the U.S. self-storage sustainability leader on the 2023 GRESB Real Estate Benchmark, one of the world's leading ESG benchmarks and reporting frameworks. Public Storage ranks highest amongst its U.S. peer group for sustainability, was named a best-performing Regional Sector Leader, and was awarded an "A" rating for public disclosure in 2023. In addition to this recognition, Public Storage's recent sustainability highlights include: Partnering with BREEAM® on a self-storage green building certification program in the U.S., becoming the nation's leading owner of green-certi

Public Storage (NYSE:PSA) announced today the launch of the Savvy Storage Insurance Program® ("Savvy"), a one-of-a-kind tenant insurance offering that will enable property owners to increase ancillary revenues while enhancing the customer experience. The program is offered through PSCC, Inc., a wholly-owned subsidiary of Public Storage, which also administers the Orange Door Storage Insurance Program® for Public Storage. Savvy will share the benefits of the industry-leading storage insurance program with fellow property owners nationwide. Owners should expect easy onboarding and implementation, experienced and dedicated support, advantaged compensation, and significantly higher customer a

Public Storage will host 133 solar projects on facility rooftops to provide historically overlooked communities with affordable renewable energy Public Storage (NYSE:PSA), the nation's leading self-storage owner, and Solar Landscape, the leading commercial and industrial rooftop solar developer, announced today that they have commenced construction on the first of more than 130 rooftop community solar projects that comprise a multistate community solar partnership. Together, the 133 community solar installations in Maryland, New Jersey, and Illinois will power over 10,000 homes with renewable energy. The 87.53-megawatt MW (DC) clean energy portfolio is one of the largest in the nation m

Public Storage (NYSE:PSA) (the "Company") and Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today an agreement for Public Storage to acquire Simply Self Storage ("Simply") from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets with population growth that has been approximately double the national average since 2018. Approximately 65% of the properties are located in high-growth Sunbelt markets. During BREIT's ownership period, Blackstone made investments into the Simply platform that enabled the company to enhance the quality of the p

Public Storage (NYSE:PSA) announced today the release of its 2023 Sustainability Report. The report highlights the Company's dedication to sustainability, detailing the integral role of its engaged and diverse team, innovative and sustainable operations, and financial fortitude in fostering long-term resilience, growth, and value creation. Public Storage's recent sustainability highlights include: Partnering with BREEAM® on a self-storage green building certification program in the U.S., becoming the nation's leading owner of green-certified facilities and creating a path for adoption by the broader industry; Nearly tripling our properties with solar power capability, with plans to

Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company's regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company's regular common dividend from $8.00 to $12.00 per share. The Board also declared dividends with respect to the Company's various series of preferred shares. All the dividends are payable on March 30, 2023 to shareholders of record as of March 15, 2023. "We are pleased to announce a 50% common dividend increase as we continue to deliver strong financial performance," said Joe Russell, President and Chief Executive Officer. "Public Storage is executing o

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2022 dividends. For the tax year ended December 31, 2022, distributions for the PSA common stock and all the various series of preferred stock were classified as follows: 2022 1st Quarter 2nd Quarter 8/4/2022 Special 3rd Quarter 4th Quarter Ordinary Dividends    29.6070%    29.6070%    39.6574%     0.0000% 100.0000% Capital Gain Distributions    70.3930%    70.3930%    60.3426% 100.0000%     0.0000%   Total 100.0000% 100.0000% 100.0000% 100.0000% 100.0000% The ordinary dividends are not "qualified divide

Public Storage (NYSE:PSA), the nation's leading owner, acquirer, developer, and operator of self-storage properties, announced today that Tom Boyle, the Company's Chief Financial Officer, has been appointed to also serve as its Chief Investment Officer, effective January 1, 2023. In addition to his role as Chief Financial Officer, Mr. Boyle's responsibilities as Chief Investment Officer will include development, redevelopment, acquisitions, asset management, and third-party management. "We are pleased to have Tom serve as the Company's Chief Investment Officer, as well as our Chief Financial Officer," said Joe Russell, the Company's President and Chief Executive Officer. "Tom is an excepti

Public Storage (NYSE:PSA), the nation's leading owner, acquirer, developer, and operator of self-storage properties, announced today the reopening of a facility adjacent to Apple, Inc. offices in Cupertino, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221212005656/en/State-of-the-Art Public Storage Facility in Cupertino, CA. (Photo: Business Wire) The Public Storage, 20565 Valley Green Drive, Cupertino location now features two five-level state-of-the-art buildings that offer our industry-leading customer experience, including app-enabled digital property access and account management, eRental® capability, and smart

Public Storage (NYSE:PSA), the world's largest owner and operator of self-storage facilities, announced today that the Company is the U.S. self-storage sustainability leader on the 2022 GRESB Real Estate Benchmark, one of the world's leading ESG benchmarks and reporting frameworks. Increasing its score by 18% to 80 out of 100 possible points, Public Storage ranks highest amongst its U.S. peer group for sustainability and was awarded an "A" rating for public disclosure in 2022. In addition to this recognition, Public Storage's recent sustainability and Diversity, Equity, and Inclusion (DEI) highlights include: Reduced same-store Scope 1 and Scope 2 carbon emission intensity by 9% and 27%

Public Storage (NYSE:PSA) announced today that Chief Executive Officer Joe Russell, together with leaders from across the company, will celebrate its 50th Anniversary by ringing the New York Stock Exchange Opening Bell at 9:30 a.m. (EDT) on Friday, September 30, 2022. Public Storage is the world's leading owner, acquirer, developer, and operator of self-storage properties. In 1972, two friends and entrepreneurs, Wayne Hughes and Ken Volk, founded the company with our first Generation One development facility in El Cajon, California, and fostered a culture of leadership, innovation, and growth that continues to drive Public Storage today. Five decades later, Public Storage owns or manages

Public Storage (NYSE:PSA, the "Company"))) announced today that it is calling for redemption on August 15, 2022 its 2.370% Senior Notes due September 15, 2022 (the "Notes"). The Notes will be redeemed for cash at a price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest up to, but excluding, the redemption date. The aggregate outstanding principal amount of the Notes is $500,000,000. A notice of redemption will be sent to holders of record of the Notes on July 27, 2022. Holders that hold their Notes through The Depository Trust Company ("DTC") will be redeemed in accordance with the applicable procedures of DTC. Company Information Public Storage, a membe

Public Storage (NYSE:PSA, the "Company"))) announced today that its Board of Trustees has declared a one-time dividend of $13.15 per common share, payable on August 4, 2022 to shareholders of record on August 1, 2022. The Company is distributing the $2.3 billion projected tax gain realized in connection with the completion on July 20, 2022 of the previously announced acquisition of PS Business Parks, Inc. ("PSB") by affiliates of Blackstone Real Estate. Public Storage, like all holders of PS Business Parks' common shares and units, received $187.50 in cash per common share and unit for its approximate 41% interest in PS Business Parks. The Company and its Board of Trustees are distributing

Public Storage (NYSE:PSA) announced today the release of its 2022 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainable operations, and financial fortitude continue positioning Public Storage for long-term resilience, growth, and value creation. Sustainability highlights include: Recognition by Forbes and Statista as one of "America's Best Large Employers" and by Comparably as a "Choice Employer" with an "A+" culture based on employee feedback; Creating new career paths that bolster employee satisfaction through greater role specialization and upward mobility for the property manager and customer care center teams; Increasing diversi

Public Storage (NYSE:PSA) announced today it is recognized and Certified™ by Great Place to Work® for 2022. The prestigious Great Place to Work® award is based entirely on what current employees say about their experience working at Public Storage. Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. "Great Place to Work Certification™ isn't something that comes easily–it takes ongoing dedication to the employee experience," said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work®. "It's the only official recogn

Public Storage (NYSE:PSA) announced today that the Company will make a virtual presentation at REITweek 2022 on Wednesday, June 8, 2022, from 9:30 a.m. to 10:00 a.m. (ET). The presentation will be webcast and available to registered REITweek participants. Registration is complimentary and accessible through Nareit's website. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2022, we had: (i) interests in 2,797 self-storage facilities located in 39 states with approximately 199 million net rentable square feet in the United States, (ii) an approximate 35% commo

Public Storage (NYSE:PSA) ("Public Storage" or the "Company") today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate ("Blackstone") of PS Business Parks, Inc. (NYSE:PSB) ("PS Business Parks"), which was announced today. Upon consummation of the transaction, Public Storage, like all holders of PS Business Parks' common shares and units, would receive $187.50 in cash per PS Business Parks common share or unit. Public Storage holds an approximate 41% common equity interest in PS Business Parks through approximately 7.2 million common shares and 7.3 million limited partnership units. Public Storage expects to receive

Public Storage (NYSE:PSA) announced today that one million customers have rented a storage space through its industry-leading eRental® online rental agreement. The digital self-service rental program launched in December 2019 to provide customers with an option to easily find, rent, and pay for their storage space from anywhere in about six minutes or less. Customer adoption of eRental® quickly expanded nationwide in early 2020 as customers sought social distancing and contactless service across their daily lives. The convenience continues to gain momentum and now accounts for half of the company's more than one million customer move-ins each year. Public Storage, with nearly 2,800 locat

Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2021 dividends. For the tax year ended December 31, 2021, distributions for the PSA common stock and all the various series of preferred stock were classified as follows: 2021   1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Ordinary Dividends 94.5451%   94.5396%   94.5516%   94.5685% Capital Gain Distributions 5.4549%   5.4604%   5.4484%   5.4315%   Total  100.0000%   100.0000%   100.0000%   100.0000% The ordinary income dividends are not "qualified dividend income." For shareholders other than corp

Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.90% Cumulative Preferred Shares, Series E (NYSE:PSAPRE) on December 30, 2021 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $350,000,000. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2021, we had: (i) interests in 2,678 self-storage facilities located in 39 states with approximately 186 million net rentable square feet in the United States, (ii)

Public Storage (NYSE:PSA) announced today that David Lee has joined the Company as Chief Operating Officer. Mr. Lee brings more than 20 years of operations leadership to Public Storage. Prior to joining, he served as Senior Vice President of Operations at The UPS Store where he led operational and team engagement strategy across more than 5,200 retail locations in the U.S. and Canada. Mr. Lee's focus on innovation and advancing The UPS Store operating model, employee satisfaction, and customer experience will be directly complementary as he leads operations across Public Storage's nearly 2,700 properties and 1.7 million self-storage customers. "We are excited about the proven success, lea

Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of the high-quality All Storage portfolio for $1.5 billion. The portfolio comprises 56 self-storage properties (7.5 million net rentable square feet) primarily located in the growing Dallas-Fort Worth market. The 52 properties in Dallas-Fort Worth add prominent locations in new, high-growth submarkets in addition to complementary locations in Public Storage's existing submarkets. With the addition of the acquisition properties, the Company's Dallas-Fort Worth portfolio will be unmatched in coverage and quality, with 172 locations and 15.5 million net r

Public Storage (NYSE:PSA) today announced the passing of its co-founder and Chairman Emeritus, B. Wayne Hughes, on August 18, 2021. In 1972, Mr. Hughes and Kenneth Q. Volk Jr. founded the Company, which has since grown into the world leader in self-storage, with equity interests in over 3,000 properties and over 200 million square feet. Ron Havner, Chairman of the Board of Trustees, commented: "Wayne was my mentor in every sense of the word. His practical, no nonsense approach to business and natural ability to ‘think outside the box' were the keys to Public Storage's success. He continually pushed us to innovate, so we made lots of mistakes, but we learned, kept growing, and improved the

Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2021 earnings results on Tuesday, August 3, 2021. A conference call is scheduled for Wednesday, August 4, 2021, at 9:00 a.m. (PDT) to discuss these results. Live conference call Domestic dial-in number: (866) 406-5408 International dial-in number: (973) 582-2770 Conference ID number: 2088572 Simultaneous audio webcast link: PublicStorage.com, under "About Us, Investor Relations, News and Events, Event Calendar" Conference call replay Domestic dial-in number: (800) 585-8367 International dial-in number: (404) 537-3406 Conference ID number: 2088572 Webcast link: PublicStorage.com, under "About Us, Investor Re

Public Storage (NYSE:PSA) announced today the release of its 2021 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainable operations, and financial fortitude are positioning the Company for long-term growth and resilience. The Company has accelerated its sustainability efforts, including: Creating new career paths for upward mobility and establishing an employee engagement committee to ensure team members' views are understood and acted upon through the implementation of initiatives across the Company; Reducing energy consumption, carbon emission, water consumption, and waste production by 12%, on average, in 2020 relative to 2019 through

Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.95% Cumulative Preferred Shares, Series D (NYSE:PSAPRD) on July 20, 2021 at $25 per depositary share plus accrued dividends from July 1, 2021 through the date of redemption. The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $325,000,000. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2021, we had: (i) interests in 2,563 self-storage facilities l

Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.125% Cumulative Preferred Shares, Series C (NYSE:PSAPRC) on June 30, 2021 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $200,000,000. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2021, we had: (i) interests in 2,563 self-storage facilities located in 38 states with approximately 176 million net rentable square feet in the United States, (ii) an app

Public Storage (NYSE:PSA) released today registration information for its previously announced Investor Day to be held on Monday, May 3, 2021, from 9:30 a.m. to 1:30 p.m. (PDT). The Investor Day will provide participants with detailed insight into Public Storage's leadership position within the self-storage industry. Senior team members will present on the Company's culture, business strategies, competitive advantages, and how we are leveraging Public Storage's industry leadership to drive long-term growth. Topics will include Public Storage's innovation-powered organic growth, accelerating portfolio expansion, growth-oriented balance sheet, and financial outlook. "We are excited to bring

Public Storage (NYSE:PSA), the largest self-storage operator in the nation, has been recognized as one of the best places to work in Comparably's most recent workplace culture survey. Public Storage was named in the top three large companies for Best Operations Department, top five as one of the Best Places to Work in Los Angeles, and ranked top 25 for Best Company Outlook. "Public Storage is committed to being a great place to work to build your career," said Natalia Johnson, Chief Administrative Officer of the company. "We are honored to be recognized and will continue to foster a culture founded on integrity where our 5,000 plus team of employees are empowered to bring their whole selv

Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of ezStorage, one of the highest quality self-storage portfolios in the United States, for $1.8 billion. The portfolio comprises 48 properties (4.2 million net rentable square feet) located in submarkets with strong demand drivers and high barriers for new property development across Washington DC, Virginia, and Maryland. Public Storage's industry-leading development team will assume responsibility for one property that is under construction and expand eight additional properties, resulting in a 10% increase in square footage through 2023. In combinati

Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2021 earnings results on Wednesday, April 28, 2021. A conference call is scheduled for Thursday, April 29, 2021, at 9:00 a.m. (PDT) to discuss these results.   Live conference call       Domestic dial-in number:   (866) 406-5408   International dial-in number:   (973) 582-2770   Conference ID number:   2268534   Simultaneous audio webcast link:   PublicStorage.com, under "About Us, Investor Relations, News and Events, Event Calendar"           Conference call replay       Domestic dial-in number:   (800) 585-8367

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2020 earnings results on Wednesday, February 24, 2021. A conference call is scheduled for Thursday, February 25, 2021, at 9:00 a.m. (PST) to discuss these results. Live conference call Domestic dial-in number: (866) 406-5408 International dial-in number: (973) 582-2770 Conference ID number: 8057778 Simultaneous audio webcast link: PublicStorage.com, under “About Us, Investor Relations, News and Events, Event Calendar”     Conference call replay   Domestic dial-in number: (800) 585-8367

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the tax treatment of the Company’s 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributions for the PSA common stock and all the various series of preferred stock were classified as ordinary income. The Company did not declare a capital gain distribution, nor did it have any unrecaptured section 1250 gain for 2020. The ordinary income dividends are not “qualified dividend income.” For shareholders other than corporations the ordinary dividends are “qualified REIT dividends” under the qualified business income provisions enacted as part of the Tax Cuts and Jobs Act of 2017. This

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today issued the following statement in response to a letter from Elliott Associates, L.P. and Elliott International, L.P. (together, “Elliott”): The Public Storage Board of Trustees and management team are committed to serving the best interests of the Company and its shareholders, and will continue to take decisive action to drive sustainable value creation. Public Storage is the world’s largest owner, operator, and developer of self-storage properties, with a $46 billion total market capitalization. This success has come through executing strategies that promote the long-term resilience of its properties and of the Co

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.40% Cumulative Preferred Shares, Series B (NYSE:PSAPrB) on January 20, 2021 at $25 per depositary share plus accrued dividends from January 1, 2021 through the date of redemption. The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $300,000,000. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we h

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today announced that the Company will host an Investor Day, which is anticipated to be held virtually, on May 3, 2021. The Investor Day will provide an opportunity for investors and analysts to hear from members of Public Storage’s team as they provide a business update, including discussion of the Company’s long-term strategy, growth initiatives, capital allocation priorities and focus on sustainability and diversity. A live audio webcast of the presentations will be available on the Investor Relations section of the Public Storage website at http://investors.publicstorage.com. The Company will provide further details i

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, developer, and operator of self-storage properties, has closed the first phase of its previously announced acquisition of the newly built, high-quality Beyond Self Storage portfolio. In total, the portfolio comprises 36 properties (3.6 million net rentable square feet), which Public Storage has agreed to acquire for $528 million. The first phase includes 24 existing properties (2.3 million net rentable square feet) built since 2016, with an average occupancy of approximately 35%. The second phase includes 12 properties (1.3 million net rentable square feet) in various stages of development that the C