Public Storage Agrees to Acquire Public Storage Canada

Public Storage agreed to acquire Public Storage Canada (PS Canada), a 68-property self-storage platform with 5.3 million square feet across major Canadian markets, for approximately US$1.2 billion. The deal was negotiated with Tamara Hughes Gustavson and her family under existing right-of-first-offer and right-of-first-refusal rights; it was expected to close in the second half of 2026, subject to customary conditions.