Public Storage to Issue C$400 Million of Senior Notes Due 2033

Public Storage, Public Storage Operating Company and subsidiary PS Canada Finance ULC agreed with Scotia Capital and TD Securities, as representatives of the underwriters, to sell C$400 million of senior notes issued by PS Canada and guaranteed by Public Storage and PSOC. The notes will bear 4.540% annual interest, mature September 16, 2033, and are expected to close September 16, 2026, subject to customary conditions; proceeds will replenish cash used for the Public Storage Canada acquisition and support general corporate purposes, including investments, debt repayment and security redemptions.