Public Storage — Third Quarter 2026 Earnings Summary

Public Storage reported third-quarter 2026 net income of $1.69 per share and Core FFO of $4.34 per share, while raising its full-year 2026 guidance for Core FFO per share by $0.10. The company completed the acquisitions of National Storage Affiliates and Public Storage Canada, adding over 1,100 facilities to its portfolio, and acquired an additional 25 self-storage facilities for $258.4 million during the quarter. To fund these activities and bolster financial flexibility, Public Storage executed $6.2 billion in debt capital markets activity and $6.0 billion in equity issuances year-to-date. The company's Same Store Net Operating Income grew 0.5% in the quarter, driven by lower customer churn and higher occupancy rates.