Public Storage · NYSE:PSA
Public Storage — Merger or Acquisition (June 2026)
7 slides from Public Storage's merger presentation, Jun 22, 2026
Slide 1: Public Storage Canada Acquisition Presentation
Public Storage Canada Acquisition Presentation June 22, 2026 1
Slide 2: Transaction Summary
Transaction Summary ▪ Purchasing the #3 largest self-storage owner and operator in Canada ▪ Strategic acquisition of high-quality real estate in new attractive markets Strategic Combination ▪ Right-of-First-Offer ("ROFO") and Right-of-First-Refusal ("ROFR") created off market purchase opportunity to
Slide 3: Strategic Rationale for PS Canada Acquisition
Strategic Rationale for PS Canada Acquisition • Expands the world’s #1 owned + operated self-storage platform into Canada Platform Opportunity • 68 properties across 4 provinces with attractive demographics and industry fundamentals • Operated under the industry's deepest datasets • Adds to the #1 r
Slide 4: Portfolio Highlights
Portfolio Highlights New Markets Across 4 Canadian Provinces Property Stats 68 5.3M 83% 65% Property Presence Public Storage Canada Properties Net Rentable SF Current NOI (mini storage) Occupancy Margin Demographics PS Canada Portfolio1 Vancouver, BC 246K 0.8% 2.5 0.9m NRSF / (~18%) Calgary, AB 0.5m
Slide 5: Portfolio Overview
Portfolio Overview Toronto Vancouver Montreal Calgary Ottawa Toronto Vancouver Montreal Calgary Ottawa NRSF 2.8m 959k 1.0m 480k 169k Occupancy 83.3% 84.7% 83.0% 83.2% 83.0% Rent per sqft1 $20.13 $32.14 $21.17 $20.91 $16.50 Population (3-mile) 222k 291k 324k 127k 108k Household income1 $101k $98k $81
Slide 6: Conclusion
Conclusion ✓ Strategic entry into attractive Canadian self- storage markets with strong long-term fundamentals ✓ Immediate operating presence with 68 properties and 5.3 million square feet in major metropolitan areas ✓ Compelling operational and financial upside driven by PS Next and attractive acqu
Slide 7: Important Information
Important Information Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of historical fact, are forward