Public Storage announces closing of NSA acquisition
The acquisition adds over 1,000 properties and is expected to be accretive to FFO per share within first year.
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Self-storage and vehicle storage company
publicstorage.comLast updated
In short: Public Storage closed its $10.5 billion acquisition of National Storage Affiliates and relocated its headquarters to Frisco, Texas.
The acquisition adds over 1,000 properties and is expected to be accretive to FFO per share within first year.
The transaction is expected to close on July 22, 2026, subject to customary conditions.
The notes, issued in two tranches, have a weighted average effective interest rate of 4.855%.
They will host a conference call on July 30 to discuss the results.
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