Public Storage Reports Third Quarter 2026 Results and Raises Guidance

Tom Boyle, Chief Executive Officer of Public Storage

“Public Storage’s third quarter performance was better than expected and demonstrates the strength and scalability of our platform as well as improving industry fundamentals. We continue to post encouraging trends on churn, occupancy, and move-in rates, which drove positive Same Store revenue, NOI and Core FFO per share growth”

Tom Boyle, Chief Executive Officer of Public Storage

“The successful completion of the National Storage Affiliates and Public Storage Canada acquisitions marks an important advancement of our PS4.0 strategy. We are moving quickly to integrate these portfolios, deploy the operational advantages of PS Next, and capture the significant value creation opportunities available across our broader North American footprint.”

Ayash Basu, Chief Revenue and Marketing Officer of Public Storage

“Our continued focus on enhancing the customer experience is driving encouraging momentum across the portfolio”

Ayash Basu, Chief Revenue and Marketing Officer of Public Storage

“During the third quarter, we saw lower customer churn, higher occupancy and strong move-in rates, contributing to an improving same-store revenue growth trajectory and results ahead of our expectations. We are encouraged by the momentum entering the fourth quarter and remain optimistic about these trends through the remainder of the year.”

Joe Fisher, President and Chief Financial Officer of Public Storage

“We have executed a significant capital markets program in 2026, further strengthening Public Storage’s industry-leading balance sheet while funding substantial external growth”

Joe Fisher, President and Chief Financial Officer of Public Storage

“Year-to-date, we have completed $6.2 billion of debt capital markets activity and $6.0 billion of common share and partnership unit issuance or committed issuance. This activity has fully funded the acquisitions of NSA and Public Storage Canada, while enhancing our liquidity and financial flexibility and leaving us well positioned to pursue additional value-creating opportunities.”