Form 8-K · Current report
Public Storage 8-K, filed Oct 26, 2026
- Filed
- CIK
- 0001393311
- Accession no.
- 0001628280-26-067283
Summary
Public Storage (NYSE: PSA) reported third-quarter 2026 results, with net income of $1.69 per share versus $2.62 a year earlier and Core FFO per share of $4.34 versus $4.31, and raised its full-year 2026 guidance by $0.10 of Core FFO per share and 90 basis points of same-store NOI growth. The company said it closed its acquisitions of National Storage Affiliates and Public Storage Canada, adding more than 1,100 stores, and CEO Tom Boyle attributed the quarter's results to lower churn, higher occupancy and improving move-in rates.
Key points
- Third-quarter same-store revenue rose 0.5% year over year to $1.02 billion, with average occupancy of 92.2% versus 91.9%.
- Full-year 2026 Core FFO per share guidance was raised to $16.90-$17.10 from $16.75-$17.05, and same-store NOI growth guidance to -0.8% to 0.2% from -2.0% to -0.3%.
- The all-stock National Storage Affiliates acquisition closed July 22, 2026, and the Public Storage Canada acquisition closed September 1, 2026 for US $1.2 billion including assumed debt.
- Public Storage said it completed $6.2 billion of debt capital markets activity and $6.0 billion of common share and partnership unit issuance or committed issuance year to date, funding the two acquisitions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02Results of Operations and Financial Condition and Exhibits On October 26, 2026, Public Storage announced its financial results for the quarter ended September 30, 2026. The full text of the press release issued in connection with the announcement is included in Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Public Storage Earnings Press Release dated October 26, 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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