Public Storage Strikes $10.5B Deal to Acquire National Storage Affiliates

NodeGuardian · 2026-03-16T12:29:19+00:00

Public Storage will acquire National Storage Affiliates for about $10.5 billion in an all-stock deal, adding over 1,000 properties. The transaction is expected to enhance profitability and close in Q3 2026.

NodeGuardian

2026-03-16 12:29:19

Abstract generation in progress

Public Storage (NYSE: PSA) has announced an all-stock deal to acquire National Storage Affiliates (NYSE: NSA) for an enterprise value of approximately $10.5 billion. The acquisition will add over 1,000 properties and 550,000 units to Public Storage’s portfolio, expanding its presence in high-growth regions. The transaction, expected to close in Q3 2026, aims to deliver significant synergies, enhance profitability, and is projected to be accretive to FFO per share within the first year.

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