Mergers & Acquisitions ·
Public Storage completed the acquisition of National Storage Affiliates Trust on July 22, 2026, issuing approximately…
PSA-PHPublic Storage
Public Storage completed the acquisition of National Storage Affiliates Trust on July 22, 2026, issuing approximately 11,200,000 common shares, 9,569,557 Series T Preferred Shares, and 5,668,128 Series U Preferred Shares. The transaction included the formation of a joint venture holding 313 properties valued at $3.2 billion, which secured approximately $2.2 billion in financing. Public Storage expects the acquisition to be accretive to FFO per share within the first year. Public Storage is a real estate investment trust that owns and operates self-storage facilities.