Public Storage has announced the strategic acquisition of National Storage Affiliates, marking an aggressive expansion move as it reported strong Q1 2026 earnings. The company achieved core funds from operations (FFO) of $4.22 per share, surpassing estimates by 2.2%, alongside revenues of $1.21 billion and a net income of $1.7 billion. With a market cap of approximately $53.68 billion and a profit margin of 39.06%, Public Storage continues to solidify its leadership in the self-storage market.
“Public Storage · is · the world’s largest owner, operator and developer of self-storage facilities”
“Public Storage · has · more than 3,300 facilities across the United States · approximately two million customers”
“Public Storage · is a member of · the S&P 500 and FT Global 500”
“Public Storage · common and preferred stock trade on · the New York Stock Exchange · NYSE: PSA”
“Public Storage · declared · Second Quarter 2026 Dividends · on 5/6/2026”
“Public Storage · reported · First Quarter 2026 Results · on 4/27/2026”
“Public Storage · reported Q1 2026 earnings with core FFO of · $4.22 per share · $4.22”
“Public Storage · beat estimates by · 2.2% · 2.2%”
“Public Storage · announced a strategic acquisition of · National Storage Affiliates · National Storage Affiliates”
“Public Storage · owned a 35% common equity interest in · Shurgard Self Storage Limited · 35%”
“Public Storage (PSA) · has market cap · 53.17B · 53.17B”
“Public Storage (PSA) · has enterprise value · 67.42B · 67.42B”