Public Storage Strikes $10.5 Billion Deal for National Storage

NodeGuardian · 2026-03-17T19:27:49+00:00

Public Storage Corp. is acquiring National Storage Affiliates Trust in a $10.5 billion all-stock deal to enhance its US presence post-pandemic. Shareholders will receive 0.14 shares of Public Storage for each of their shares.

NodeGuardian

2026-03-17 19:27:49

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Public Storage Corp. has agreed to acquire National Storage Affiliates Trust in an all-stock deal valued at approximately $10.5 billion, including debt. This acquisition will expand Public Storage’s presence across the US, following a period of consolidation in the self-storage sector after its pandemic-era boom. National Storage shareholders will receive 0.14 shares of Public Storage stock for each share owned, valuing the company at about $41.68 per share.

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