Public Storage's Stock Analysis

Public Storage Announces €425 Million Senior Notes Offering

Public Storage and its subsidiary, Public Storage Operating Company, have entered into an underwriting agreement for the sale of €425 million in senior notes due 2034. The notes will carry an interest rate of 3.500% and are expected to close on October 3, 2025. The offering is part of a shelf registration statement previously filed with the SEC.

The net proceeds from this offering will be used primarily to repay existing senior notes and for general corporate purposes, including investments in self-storage facilities and debt repayment. The underwriters involved in this transaction have provided investment banking services to the company in the past and may continue to do so in the future.

Sep 29, 2025 16:50:06

Public Storage Updates on Same Store Facilities and Acquisitions

Public Storage has provided an operating update regarding its same store facilities, which consist of 2,565 locations with a total of 175.3 million net rentable square feet. The update highlights the annual contract rent paid by tenants, which is set in lease agreements and adjusted periodically. The company continues to monitor various factors affecting its revenue, as detailed in its Quarterly Report for the period ending June 30, 2025.

As of September 8, 2025, Public Storage has acquired or is under contract to acquire 74 self-storage facilities, adding 5.1 million net rentable square feet for a total investment of $811.0 million since the beginning of the year. This expansion may impact the company's overall growth and revenue potential, as indicated in its investor presentation for the upcoming investor conference.

Sep 08, 2025 16:06:48

Public Storage Reports Q2 2025 Financial Results and Board Changes

Public Storage reported its financial results for the second quarter of 2025, revealing a net income of $309.0 million, or $1.76 per diluted share, down from $468.4 million, or $2.66 per diluted share, in the same quarter of 2024. The decline was attributed mainly to increased foreign currency losses and a decrease in equity earnings. Core funds from operations (Core FFO) were reported at $4.28 per diluted share, while total revenues for Same Store Facilities increased slightly by 0.2%. The company acquired 16 self-storage facilities during the quarter, totaling 1.1 million net rentable square feet for $162.3 million, and plans to continue expanding its portfolio with additional acquisitions and developments this year, anticipating over $1.1 billion in investments.

Additionally, Public Storage announced the appointment of Luke Petherbridge as an independent trustee to its Board, increasing its size to 13 members. Petherbridge has extensive experience in corporate finance and real estate management, having served as CEO of Link Logistics and in other leadership roles. His appointment is expected to enhance the Board's governance and sustainability efforts. The company also completed a public offering of $875 million in unsecured senior notes, further strengthening its financial position.

Jul 30, 2025 16:22:25

Company Files Report with SEC Under Securities Exchange Act

The company has submitted a report in accordance with the Securities Exchange Act of 1934. This filing has been formally signed by Nathaniel A. Vitan, who holds the position of Senior Vice President, Chief Legal Officer, and Corporate Secretary.

Jun 30, 2025 16:15:34

Public Storage Reports Mixed Results Amid Competitive Challenges

Public Storage's recent report shows a decline in net income per share compared to last year, primarily due to increased expenses. However, there was an increase in self-storage net operating income, driven by new facilities. The company remains optimistic about future growth, adjusting its outlook while repurchasing $200 million in shares, indicating confidence in its long-term strategy.

Jul 30, 2024 16:22:27

Public Storage Welcomes New Trustee with Extensive Experience

Public Storage has appointed Maria R. Hawthorne to its Board of Trustees, effective immediately. With over 35 years in real estate and previous leadership roles, including CEO of PS Business Parks, her experience is expected to benefit the company. The Chairman expressed confidence in her ability to serve stakeholders well.

Jul 25, 2024 21:02:34