# Public Storage Raises 2026 Core FFO Guidance by $0.10 After Closing NSA and Canada Deals

> Public Storage raised 2026 Core FFO guidance by $0.10 per share and lifted its same-store NOI outlook by 90 basis points after closing two acquisitions.

- Published: 2026-10-26T20:33:19+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-26/public-storage-raises-2026-core-ffo-guidance
- Source: [Business Wire](https://www.businesswire.com/news/home/20261026455248/en/)

## Key takeaways

- Public Storage raised its 2026 Core FFO per share guidance to a range of $16.90 to $17.10, a $0.10 increase at the midpoint.
- The company lifted its 2026 same-store net operating income outlook by 90 basis points.
- Public Storage closed the acquisitions of National Storage Affiliates and Public Storage Canada, adding over 1,100 stores.

[Public Storage](https://akta.pro/company-profiles/0000mnd/public-storage) raised its 2026 Core FFO guidance by $0.10 per share and increased its same-store net operating income outlook by 90 basis points after reporting third-quarter 2026 results, the company said in a [Business Wire](https://www.businesswire.com/news/home/20261026455248/en/) release. The Frisco, Texas-based real estate investment trust also closed its acquisitions of National Storage Affiliates and Public Storage Canada, adding over 1,100 stores.

## Public Storage Closes NSA and Canada Acquisitions

Public Storage completed the acquisition of National Storage Affiliates on July 22, 2026, in an all-stock transaction, expanding its portfolio to over 4,500 locations and more than 327 million operating square feet. The company said it expects to generate approximately $110 million to $130 million of run-rate synergies within the next three to four years from the NSA deal.

On September 1, 2026, Public Storage completed the acquisition of [Public Storage Canada](https://akta.pro/company-profiles/002m8qn/public-storage-canada) for US $1.2 billion, including assumed debt, with an opportunity for the sellers to receive earn-out consideration of up to 768,000 PS OP Units contingent on certain NOI performance targets. The Canadian portfolio consists of 68 properties totaling 5.3 million square feet. Stock Titan reported that Public Storage paid approximately $1.2 billion in consideration for Public Storage Canada, including $900 million in OP units and $310 million in cash.

"The successful completion of the National Storage Affiliates and Public Storage Canada acquisitions marks an important advancement of our PS4.0 strategy," said Tom Boyle, Chief Executive Officer. "We are moving quickly to integrate these portfolios, deploy the operational advantages of PS Next, and capture the significant value creation opportunities available across our broader North American footprint."

## Public Storage's 2026 Guidance and Capital Markets Activity

According to [akta.pro company records](https://akta.pro/company-data), Public Storage announced a $10.5 billion all-stock acquisition of [National Storage Affiliates Trust](https://akta.pro/company-profiles/0004cxr/national-storage-affiliates-trust) in March 2026, creating a platform with approximately 4,600 locations and 327 million square feet. The same records show Public Storage executed CEO succession in April 2026, with Tom Boyle assuming the CEO role on April 1, 2026, and Joe Fisher joining as President and CFO.

Public Storage's total indebtedness as of September 30, 2026 was $12.2 billion, with $650 million, or 5.3%, maturing in the fourth quarter of 2026. The company completed an inaugural Canadian public offering of C$400 million principal amount of senior notes bearing interest at 4.54%, and a public offering of $900 million aggregate principal amount of senior notes at an interest rate of 4.85%.

## Public Storage's Third Quarter in Context

Public Storage said in October 2026 that it would release its third-quarter 2026 earnings results after market close on October 26, 2026, and hold a conference call on October 27, according to Stock Titan. MarketBeat reported that analysts projected $2.50 in earnings per share and $1.35 billion in revenue for the quarter.

In September 2026, Yahoo reported that Baron Capital re-initiated Public Storage in its Q2 2026 investor letter, citing a potential inflection point for self-storage growth in 2026-2027. Seeking Alpha reported that Public Storage's preferred stocks yield nearly 7% and trade below par.

## Public Storage's Next Steps

Public Storage scheduled a conference call for October 27, 2026, at 11:00 a.m. (CT) to discuss the third-quarter earnings results. A replay of the conference call may be accessed through November 10, 2026.

## Companies in this story

- [Public Storage company profile](https://akta.pro/company-profiles/0000mnd/public-storage) · website: https://www.publicstorage.com
- [Public Storage Canada company profile](https://akta.pro/company-profiles/002m8qn/public-storage-canada) · website: https://publicstoragecanada.com
- [National Storage Affiliates Trust company profile](https://akta.pro/company-profiles/0004cxr/national-storage-affiliates-trust) · website: http://www.nationalstorageaffiliates.com

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