Public Storage

PSA Real Estate Reit Industrial

Public Storage’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 2.74% from fiscal 2024.

Revenue
+11.6%
EPS
−21.9%
Free cash flow
−19.3%
Total debt
+21.4%

Quarter to September 2026, against a year earlier

338.35 2.15 −0.63%
Market cap
$63.6B
P/E
34.1×
Fwd P/E
34.1×
Dividend yield
3.54%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Public Storage 8-K filed Oct 30, 2026

Period ended Oct 29, 2026 · Filed · accepted 4:32 PM ET · Document on sec.gov · Filing index

1.01 Entry into a material definitive agreement; 9.01 Financial statements and exhibits

What it says

On October 29, 2026, Public Storage and subsidiary Public Storage Operating Company agreed to sell $500 million of senior notes due 2036. The subsidiary will issue the notes, and Public Storage will guarantee them. The notes bear 5.600% interest and will be issued at 98.293% of par value. The offering is expected to close on November 6, 2026, subject to customary closing conditions.

  • BofA Securities, Inc., BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC represented the underwriters.

    with BofA Securities, Inc., BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein — the 8-K
  • Interest will be paid semi-annually beginning May 15, 2027.

    PSOC will pay interest on the Notes semi-annually on May 15 and November 15 of each year, commencing May 15, 2027. — the 8-K
  • The company expects to use proceeds to repay commercial paper and partially repay at maturity PSOC’s outstanding $650 million of 1.500% Senior Notes due 2026.

    use the remaining net proceeds to partially repay at maturity the outstanding $650 million in aggregate principal amount of PSOC’s 1.500% Senior Notes due 2026. — the 8-K