Mergers & Acquisitions ·
Public Storage reported second quarter 2026 results with net income per share of $2.55 and Core FFO per share of…
PSA-PLPublic Storage
Public Storage reported second quarter 2026 results with net income per share of $2.55 and Core FFO per share of $4.17. The company raised its full-year 2026 guidance, increasing the midpoint for Core FFO per share to $16.90 from $16.68. Strategic activity included closing an all-stock merger with National Storage Affiliates Trust and entering a $1.2 billion agreement to acquire Public Storage Canada. Capital markets actions involved issuing $500 million in senior notes at 5.00% and establishing a new $3.0 billion revolving credit facility alongside a $1.0 billion commercial paper program. The company operates self-storage facilities.