{"filing":{"accession_number":"0001193125-26-377690","cik":"0001393311","ticker":"PSA-PS","company_name":"Public Storage","form":"8-K","filing_date":"2026-09-01","report_date":"2026-08-31","primary_document":"d71712d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312526377690/d71712d8k.htm"},"events":[{"id":30838,"run_id":28278,"accession_number":"0001193125-26-377690","anchor_item_number":"8.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.97,"summary":"Public Storage completed its acquisition of PS Canada Holdings, LLC for approximately $1.2 billion in upfront consideration (consisting of ~$900 million in PSA OP Units and ~$310 million in cash), plus up to $288 million in contingent earn-out consideration based on NOI performance targets. The transaction adds 68 self-storage facilities with 5.3 million net rentable square feet across major Canadian markets and is expected to be accretive to the company's long-term IRR, NOI growth, and FFO per share.","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33561,"accession_number":"0001193125-26-377690","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses completion of Public Storage's acquisition of PS Canada Holdings, LLC for approximately $1.2 billion in cash and OP units, plus up to $288 million in earn-out consideration. This is a material acquisition involving a significant purchase price, substantial asset portfolio (68 properties, 5.3 million square feet), and strategic expansion into Canadian markets. The press release explicitly states the transaction is \"expected to be accretive to Public Storage's long-term IRR, NOI growth, and FFO per share,\" confirming materiality to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T13:20:40.563579+00:00","company_name":"","ticker":null,"filing_date":""},{"id":33562,"accession_number":"0001193125-26-377690","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Public Storage completed the acquisition of all outstanding membership interests of PS Canada for approximately $1.2 billion in upfront consideration (consisting of ~$900 million in PSA OP Units and ~$310 million in cash), plus potential earn-out consideration of up to $288 million in additional units contingent on NOI performance targets. This is a material acquisition of a portfolio comprising 68 self-storage facilities with 5.3 million net rentable square feet across major Canadian markets, disclosed under Item 8.01 as a completed transaction that materially expands the registrant's geographic footprint and asset base.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T13:20:40.563579+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33561,"accession_number":"0001193125-26-377690","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses completion of Public Storage's acquisition of PS Canada Holdings, LLC for approximately $1.2 billion in cash and OP units, plus up to $288 million in earn-out consideration. This is a material acquisition involving a significant purchase price, substantial asset portfolio (68 properties, 5.3 million square feet), and strategic expansion into Canadian markets. The press release explicitly states the transaction is \"expected to be accretive to Public Storage's long-term IRR, NOI growth, and FFO per share,\" confirming materiality to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T13:20:40.563579+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-09-01"},{"id":33562,"accession_number":"0001193125-26-377690","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Public Storage completed the acquisition of all outstanding membership interests of PS Canada for approximately $1.2 billion in upfront consideration (consisting of ~$900 million in PSA OP Units and ~$310 million in cash), plus potential earn-out consideration of up to $288 million in additional units contingent on NOI performance targets. This is a material acquisition of a portfolio comprising 68 self-storage facilities with 5.3 million net rentable square feet across major Canadian markets, disclosed under Item 8.01 as a completed transaction that materially expands the registrant's geographic footprint and asset base.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T13:20:40.563579+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-09-01"}]}