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02.04.26 - 00:57
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Public Storage Prices 5.000% Senior Notes (Business Wire)
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FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE:PSA, the “Company”) announced today that the Company's subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $500 million aggregate principal amount of fixed rate senior notes due 2035 (the “Notes”). The Notes will be guaranteed by the Company.
The Notes will bear interest at an annual rate of 5.000%, will be issued at 99.182% of par value and will mature on December 15, 2035. We will pay interest on the Notes semi-annually on June 15 and December 15 of each year, commencing June 15, 2026.
The offering is expected to close on April 6, 2026, subject to the satisfaction of customary closing conditions. PSOC expects to use the net proceeds to repay amounts under its revolving credit facility and for general corporate purposes, including to make investments in self-storage facilities (such as acquisitions of facilities or interests in entities that own facilities, development, and mortgage loans secured by facil...
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18.03.26 - 19:42
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Public Storage Strikes $10.5B Deal for National Storage (Bloomberg)
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Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant's footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%. Liana Baker, US deals managing editor, joins Dani Burger on "Bloomberg Deals." (Source: Bloomberg)...
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16.03.26 - 15:42
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Public Storage Strikes $10.5 Billion Deal for National Storage (Bloomberg)
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Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant's footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%....
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16.03.26 - 12:06
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Public Storage to Acquire National Storage Affiliates, Creating Significant Value for All Stakeholders (Business Wire)
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Increases Public Storage's leading brand and scale in key U.S. markets complementary with existing portfolio to meaningfully enhance omnichannel digital-first platform for customers
New joint venture created with NSA Operating Partnership unitholders with 313 properties providing attractive yield alternative to existing NSA OP unitholders in a tax-efficient way
Marks first value creation milestone under PS4.0™ plan delivering substantial growth opportunity of earnings per share in a leverage neutral transaction
Public Storage to wholly-own 488 of the over 1,000 properties on balance sheet focusing on key Sun Belt and core markets
All-stock transaction with an exchange ratio of 0.14, representing an implied offer price of $41.68 per NSA share
Detailed presentation available on Public Storage and National Storage Affiliates Investor Relations websites; conference call scheduled for March 16, 2026 at 8:00 a.m. ETFRISCO, Texas & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Public Storage (NYSE: PSA, the “C...
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17.02.26 - 23:18
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Breaking Down Public Storage: 9 Analysts Share Their Views (Benzinga)
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Latest Ratings for PSA
DateFirmActionFromTo Mar 2022Morgan StanleyMaintainsEqual-Weight Jan 2022JefferiesUpgradesHoldBuy Dec 2021JP MorganUpgradesNeutralOverweight
View More Analyst Ratings for PSA
View the Latest Analyst Ratings
Importance Rank:
1
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