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PSA 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-385976

PSA filed a 424B5 (prospectus (offering)) with the SEC on Sep 9, 2026. The final terms of an offering of shares or bonds. The stock moved -2.3% by the first close after the filing.

Summary of the filing

PS Canada Finance ULC, a subsidiary of Public Storage, is offering Canadian dollar-denominated senior notes due 2033, fully and unconditionally guaranteed by Public Storage and Public Storage Operating Company.

For details, click here →How to read a 424B5 →

Key details

aggregate principal amount of notesCAD 0
minimum denominationCAD 2K
Guarantor and parentPublic Storage
IssuerPS Canada Finance ULC
GuarantorPublic Storage Operating Company

How PSA stock reacted

Close before

$301.60

Sep 8, 2026

First close after

-2.32%

$294.60

5 trading days

-1.63%

$296.68

Since filing

+11.89%

$337.46

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Frequently asked questions

What did PSA file with the SEC on Sep 9, 2026?

PSA filed a 424B5 (Secondary offering). PS Canada Finance ULC, a subsidiary of Public Storage, is offering Canadian dollar-denominated senior notes due 2033, fully and unconditionally guaranteed by Public Storage and Public Storage Operating Company.

What does a secondary offering mean for PSA stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did PSA stock react to this filing?

PSA closed at $301.60 before the filing and $294.60 on Sep 9, 2026 (-2.32%). Five trading days later: $296.68 (-1.63%).

Other PSA SEC filings

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