Public Storage prices $500 million senior notes offering

• Public Storage priced $500 million of fixed-rate senior notes due November 15, 2036, at 98.29% of par.
• The notes carry a 5.6% annual coupon, with an effective interest rate of 5.2% including prior interest rate swaps.
• The offering by its operating company is expected to close November 6, 2026, with the parent guaranteeing the notes.
• Proceeds will repay borrowings under the operating company's $1 billion commercial paper program.
• Remaining proceeds will partially repay its outstanding $650 million of 1.5% senior notes due 2026 at maturity.

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: 20261029724942) on October 29, 2026, and is solely responsible for the information contained therein.