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
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Public Storage 8-K filed Oct 30, 2026
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.
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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
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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.
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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.