• Public Storage agreed to buy Public Storage Canada for about USD 1.2 billion (CAD 1.67 billion), adding a foothold in major Canadian markets.
• Closing consideration: about USD 889 million in Public Storage OP units (2,760,000 units at USD 321.98) plus about USD 310 million cash.
• Sellers may receive up to USD 288 million more in Public Storage OP units at USD 375, tied to NOI performance targets.
• Portfolio: 68 self-storage properties totaling 5.3 million square feet; Q1 2026 same-store occupancy 83.1%; same-store rent USD 23.24 per occupied square foot.
• Expected close in H2 2026; going-in NOI yield in the high-5% range; near-term NOI growth projected in the high single digits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Public Storage published the original content used to generate this news brief via Business Wire (Ref. ID: 20260622822250) on June 22, 2026, and is solely responsible for the information contained therein.