PSA · News · 20260805N

Acquisition / Partnership / Divestiture

Public Storage · 2026-08-05 · Importance 59 · Surprise 60

Public Storage recently acquired National Storage Affiliates Trust, a transaction described by third-party reporting as accretive to funds from operations. The acquisition is expected to support Public Storage’s FFO and dividend coverage. National Storage shareholders are also the subject of a securities investigation concerning whether the sale process secured the best possible price and provided complete material disclosures.

Key facts

• Bank of America Corp DE reduced its stake in Public Storage by 9.0% in the first quarter, selling 74,464 shares. source
• After the sale Bank of America retained 751,808 shares of Public Storage valued at approximately $203.7 million. source
• An insider sold 950 shares of Public Storage in June. source