PSA Public Storage

NEUTRAL Impact: 4/10 8-K
Horizon months Filed Apr 6, 2026 Processed 2mo ago SEC 0001193125-26-143776
8-K material event: Items 1.01
Latest settled — T+20d
PSA-PS ▲ +2.09% at T+20d
NEUTRAL call ✓ call won +2.09% · α vs SPY -7.69% · entry $15.83 → $16.16
Next anchor: T+60d in 18d
Currently $325.94 · +1959.00% from $15.83 entry
Entry anchored
Apr 6, 2026
via day open
T+1d
+0.19%
call +0.19% · α -2.35%
$15.86
settled 2mo ago
T+5d
+1.90%
call +1.90% · α -3.43%
$16.13
settled 2mo ago
T+20d
+2.09%
call +2.09% · α -7.69%
$16.16
settled 6w ago
T+60d
call — · α —
in 18d

Price Chart

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Executive Summary

Public Storage Operating Company issued $500 million in 5.000% senior notes due 2035, creating a new financial obligation. The notes are unsecured and unsubordinated, with interest payable semi-annually starting June 15, 2026.

Key Financial Metrics

Deal Value
$500.0M

Actionable Insight

The new debt issuance provides capital for general corporate purposes but increases interest expense. Investors should monitor the company's leverage ratios and interest coverage metrics.

Key Facts

  • Public Storage Operating Company issued $500 million in 5.000% senior notes due 2035
  • Notes are unsecured and unsubordinated obligations
  • Interest is payable semi-annually on June 15 and December 15, starting June 15, 2026
  • Notes mature on December 15, 2035
  • Public Storage fully and unconditionally guarantees the notes on a senior unsecured basis

Financial Impact

$500 million in new debt at 5.000% interest

debtinterest_expense

Risk Factors

  • Increased debt burden and interest expense
  • Potential impact on credit ratings if leverage increases significantly

Market Snapshot

Exchange
NYSE
Sector
Real Estate Investment Trusts

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-143776
Document: d120881d8k.htm0001193125-26-143776
Document: 0001193125-26-143776-index-headers.html0001193125-26-143776
Document: 0001193125-26-143776-index.html0001193125-26-143776
Document: 0001193125-26-143776.txt0001193125-26-143776
6 reports for PSA
Performance horizon
Filters
Rows
Reports for PSA — sortable, filterable
Type Now
Jun 1, 2026
12d ago
8-K
NEUTRAL ★ 3/10
$15.97 $15.90▼ −0.44%▲ +2.31%$325.94 (+1940.95%)
May 11, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$16.15 $15.83▼ −1.98%▼ −1.90%$325.94 (+1918.22%)
Apr 27, 2026
6w ago
8-K
MIXED ★ 6/10
$20.56 $20.27▼ −1.41%▼ −3.10%$325.94 (+1485.31%)
Apr 6, 2026
9w ago
8-K
NEUTRAL ★ 4/10
$15.83 $16.13▲ +1.90%▼ −3.43%$325.94 (+1959.00%)
Mar 27, 2026
11w ago
DEFA14A
NEUTRAL ★ 3/10
$15.64 $15.83▲ +1.25%▼ −3.05%$325.94 (+1984.68%)
Feb 28, 2026
15w ago
Institutional Cluster
MIXED ★ 7/10
$310.93 $303.39▼ −2.42%▼ −1.22%$325.94 (+4.83%)
Showing 6 of 6

US Market Status

Market Closed — Opens Mon (47h 59m)

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