Nov 6, 4:05 PM ET
Public Storage Operating Company, a subsidiary of Public Storage, completed a $500 million offering of 5.600% Senior Notes due November 15, 2036, guaranteed by Public Storage. The filing describes new long-term unsecured debt with covenants limiting secured and unsecured borrowing and requiring unencumbered assets of at least 125% of unsecured indebtedness.
- Principal amount of $500 million; interest at 5.600% per year, accruing from November 6, 2026
- Interest payable semi-annually on May 15 and November 15, starting May 15, 2027; maturity November 15, 2036
- Notes are unsecured and rank equally with existing and future unsecured debt of the issuer; redeemable at a make-whole price, or at 100% of principal from August 15, 2036
- Offering made under a Form S-3 shelf registration; prospectus supplement dated October 29, 2026
Read the filing on SEC.gov ↗
Oct 30, 4:32 PM ET
On October 29, 2026, Public Storage and its subsidiary PSOC agreed to sell $500 million of senior notes due November 15, 2036, through underwriters led by BofA Securities, BNP Paribas and Morgan Stanley. The company expects to use the net proceeds to repay commercial paper and to partly repay $650 million of PSOC's 1.500% notes due 2026 at maturity. The notes add new debt, and the offering is expected to close on November 6, 2026, subject to customary conditions.
- $500 million senior notes due November 15, 2036, bearing interest at 5.600% a year, issued by PSOC and guaranteed by Public Storage
- Notes issued at 98.293% of par value; interest paid semi-annually on May 15 and November 15, starting May 15, 2027
- Proceeds to repay amounts under PSOC's $1.0 billion commercial paper program and partly repay $650 million of 1.500% notes due 2026
- Offering expected to close November 6, 2026
Read the filing on SEC.gov ↗
Oct 26, 4:11 PM ET
Public Storage announced its financial results for the quarter ended September 30, 2026, reporting net income of $1.69 per share and Core FFO of $4.34 per share. The company raised its full-year 2026 guidance, including an increase in Core FFO per share to a range of $16.90 to $17.10. Additionally, the company completed major acquisitions including National Storage Affiliates and Public Storage Canada during the quarter.
- Reported Q3 2026 net income of $1.69 per share and Core FFO of $4.34 per share.
- Raised full-year 2026 Core FFO per share guidance to a range of $16.90 to $17.10.
- Completed the acquisitions of National Storage Affiliates and Public Storage Canada for US $1.2 billion (including assumed debt) on September 1, 2026.
- Issued $900 million aggregate principal amount of senior notes at an interest rate of 4.85%.
Read the filing on SEC.gov ↗
Sep 16, 4:36 PM ET
Public Storage's subsidiary PS Canada Finance ULC completed a C$400 million offering of 4.540% senior notes maturing September 16, 2033, guaranteed by Public Storage and its subsidiary PSOC. The filing describes a standard debt issuance with covenants limiting mergers and requiring PSOC to keep unencumbered assets at or above 125% of unsecured debt.
- Notes: C$400 million, 4.540% fixed interest, payable semi-annually from March 16, 2027
- Maturity: September 16, 2033; redeemable at make-whole price, or at 100% of principal plus accrued interest from July 16, 2033
- Covenant: PSOC must maintain unencumbered assets of at least 125% of total unsecured indebtedness
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
