Public Storage acquires company of the same name for $1.2 billion to enter the Canadian market

Glonghui, June 23 — U.S. self-storage operator Public Storage announced that it will acquire the independently operated company of the same name, Public Storage Canada, in a stock and cash transaction valued at approximately $1.2 billion. The deal is expected to close in the second half of 2026. This move follows the agreement reached in March, when the company acquired smaller rival National Storage Affiliates in an all-stock transaction valued at around $10.5 billion, aiming to expand into high-growth regions in the United States.