Public Company Other

Public Storage

Glendale, CA, United States

Public Storage is the nation’s largest self-storage provider. It acquires, develops, owns, and operates self-storage facilities and offers third-party management under its operating platform and REIT structure.

Focus Areas
Self-storage REIT, Self-storage facilities, Third-party storage management

Tracked deals

4

4 tracked deals across 2021-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout

Public Storage Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Public Storage. 1 2021 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Public Storage Completes Acquisition of Public Storage Canada
    September 1, 2026
    Buyer
    Public Storage
    Target
    Public Storage Canada (PS Canada)
    Seller
    Tamara Hughes Gustavson and family
    Industry
    Real Estate
    Location
    Ontario, Canada
    Type
    Buyout

    Public Storage completed its acquisition of Public Storage Canada (PS Canada) for approximately US$1.2 billion, gaining direct ownership of 68 self-storage properties totaling 5.3 million square feet across Toronto, Vancouver, Montreal, Calgary, and Ottawa. Closing consideration included approximately US$900 million in Public Storage operating partnership units and US$310 million in cash, with additional earn-out units possible subject to NOI targets.

  • Public Storage Agrees to Acquire Public Storage Canada
    June 22, 2026
    Buyer
    Public Storage
    Target
    Public Storage Canada (PS Canada)
    Seller
    Tamara Hughes Gustavson and family
    Industry
    Real Estate
    Location
    Ontario, Canada
    Type
    Buyout

    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.

  • Public Storage to Acquire National Storage Affiliates (NSA)
    March 16, 2026
    Buyer
    Public Storage, Public Storage Operating Company (PSOC)
    Target
    National Storage Affiliates Trust
    Industry
    Real Estate
    Location
    Colorado, United States
    Type
    Buyout

    Public Storage (PSA) agreed to acquire National Storage Affiliates Trust (NSA) in an all-stock transaction valued at approximately $10.5 billion enterprise value. The deal offers an exchange ratio of 0.14 PSA shares (or partnership units) for each NSA share/unit and is expected to close in the third quarter of 2026, subject to approvals and customary conditions.

  • Public Storage Acquires ezStorage for $1.8 Billion
    April 13, 2021
    Buyer
    Public Storage
    Target
    ezStorage
    Seller
    Manganaro family
    Industry
    Real Estate
    Location
    Maryland, United States
    Type
    Buyout

    Public Storage (NYSE: PSA) acquired ezStorage’s 48-property self-storage portfolio for $1.8 billion, adding approximately 4.2 million net rentable square feet across Washington, D.C., Virginia and Maryland. The transaction expands Public Storage’s Mid‑Atlantic coverage and was funded with unsecured debt; the company indicated the deal would be immediately accretive to FFO with an anticipated closing in May 2021.

Related Acquisition Pages

Real Estate Buyers & Acquisitions 4 tracked deals by Public Storage. Acquisitions in Colorado 1 tracked deal by Public Storage. Acquisitions in Maryland 1 tracked deal by Public Storage.

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