Public Storage completes USD 1.2 billion acquisition of Public Storage Canada

Reuters2026/09/01 13:15

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Public Storage completed its acquisition of Public Storage Canada, taking direct ownership of a 68-property self-storage portfolio.
Closing consideration totaled about USD 1.2 billion, including USD 900 million of Public Storage OP units and USD 310 million cash.
The equity portion comprised 2,760,000 OP units valued at USD 321.98 each, subject to customary purchase price adjustments.
Sellers can earn up to USD 288 million in additional OP units priced at USD 375, tied to NOI performance targets.
Portfolio totals 5.3 million square feet across major Canadian markets, including Toronto, Vancouver, and Montreal.

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: 20260901151661) on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Public Storage completes USD 1.2 billion acquisition of Public Storage Canada

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