Other Events. On September 1, 2026, the Company completed the previously announced acquisition of all of the outstanding membership interests of PS Canada from Grant Gustavson, Greer Gustavson and 4G Thoroughbreds, LLC, a Delaware limited liability company (collectively, the “Sellers”), pursuant to that certain Transaction Agreement, dated as of June 22, 2026 (the “Transaction Agreement”), by and among Public Storage OP, L.P. (“PSA OP”), a Delaware limited partnership and the operating partne…

Regulation FD Disclosure. On September 1, 2026, Public Storage (the “Company”) issued a press release announcing the completion of the Company’s acquisition of PS Canada Holdings, LLC, a Delaware limited liability company (“PS Canada”), as described in

Chief Legal Officer — S. Wade Sheek: The filing primarily announces the external hire of a new Chief Legal Officer to replace an outgoing officer who is transitioning to a senior advisor role.

Results of Operations and Financial Condition and Exhibits On July 29, 2026, Public Storage announced its financial results for the quarter ended June 30, 2026. The full text of the press release issued in connection with the announcement is included in Exhibit 99.1 to this Current Report on Form 8-K.

Material Modification to Rights of Security Holders. The terms of the Public Storage Series T Preferred Shares and the Public Storage Series U Preferred Shares are set forth in the Articles Supplementary to Public Storage’s Amended and Restated Declaration of Trust, as amended, that are filed as Exhibits 3.1 and 3.2 hereto and incorporated herein by reference.

Unregistered Sales of Equity Securities. The information set forth in the Introductory Note,

Completion of Acquisition or Disposition of Assets. The information set forth in the Introductory Note of this Current Report on Form 8-K is incorporated herein by reference. On the Closing Date, at the effective time of the Company Merger (the “Company Merger Effective Time”), (i) each common share of beneficial interest, par value $0.01 per share, of NSA (each, an “NSA Common Share”) issued and outstanding immediately prior to the Company Merger Effective Time was converted into the right t…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. In connection with entry into the Mortgage Loan, a subsidiary of Public Storage provided a customary limited non-recourse carveout guaranty (the “Limited Guaranty”) in respect of certain obligations under the Mortgage Loan. Under the terms of the Limited Guaranty, the guarantor guaranteed certain specified losses arising from customary non-recourse carve-out events, including, am…

Entry into a Material Definitive Agreement. On July 21, 2026, PSA OP entered into an amendment (the “PSA OP Agreement Amendment”) to its Amended and Restated Agreement of Limited Partnership to designate the terms of the 6.000% Series T Cumulative Redeemable Preferred Units of PSA OP (the “PSA OP Series T Preferred Units”) and the 6.000% Series U Cumulative Redeemable Preferred Units of PSA OP (the “PSA OP Series U Preferred Units”) that were issued to Public Storage in connection with the is…

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant. The information set forth above under

Entry Into a Material Definitive Agreement On July 20, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $400 million 4.700% Senior Notes due 2032 (the “2032 Notes”) and $500 million 5.150% Senior Notes due 2036 (the “2036 Notes” and, together with the 2032 Notes, the “Notes”). The Notes are issued by PSOC and guaranteed by the Company. The Notes have been issued pursuant to an Indenture, dated as of…

Entry Into a Material Definitive Agreement On July 9, 2026, Public Storage (the “Company”) and Public Storage Operating Company, a subsidiary of the Company (“PSOC”), entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), for the sale of $900 million aggregate principal amount of senior notes in two tranches (collectively, the “Notes”)…

Chief Operating Officer — Chris Sambar: Chris Sambar resigned to join T-Mobile as Chief Enterprise Officer.

Termination of a Material Definitive Agreement The information set forth under

Entry Into a Material Definitive Agreement On June 25, 2026 (the “Closing Date”), Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as Agent, and the other lenders from time to time party thereto. The Credit Agreement provides PSOC with a $3.0 billion senior unsecured revolving credit facility (the “Revolving Credit Facility…

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Entry Sheet Arrangement of a Registrant The information set forth under

Regulation FD Disclosure. On June 25, 2026, the Company issued a press release announcing the transactions described herein, including the Credit Agreement and the establishment of a new $1.0 billion unsecured commercial paper program, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The commercial paper program is backstopped by available capacity under the Company’s Revolving Credit Facility. Commercial paper notes to be…

Unregistered Sales of Equity Securities. On June 22, 2026, Public Storage OP, L.P. (“PSA OP”), a Delaware limited partnership and the operating partnership of Public Storage (the “Company”), and Public Storage Operating Company, a Maryland real estate investment trust and a wholly owned subsidiary of PSA OP (“PSOC”), entered into a transaction agreement (the “Transaction Agreement”) with PS Canada Holdings, LLC, a Delaware limited liability company (“PS Canada”), Grant Gustavson, Greer Gustav…

Other Events. The Investor Presentation includes the following operating update for the periods from April 1 through May 28, 2026 and 2025. Same Store Facilities Operating Update (a) Period Ended May 28, 2026 2025 Change (b) (Amounts in thousands, except for per square foot amounts) Customers moving in during the period: Average annual contract rent per square foot (c) $ 13.10 $ 13.13 (0.2)% Customers moving out during the period: Average annual contract rent per square foot (c) $ 18.98 $ 19.…

Results of Operations and Financial Condition and Exhibits On April 27, 2026, Public Storage announced its financial results for the quarter ended March 31, 2026. The full text of the press release issued in connection with the announcement is included in Exhibit 99.1 to this Current Report on Form 8-K.

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant. The information set forth above under

Entry Into a Material Definitive Agreement On April 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.000% Senior Notes due 2035 (the “Notes”). The Notes are issued by PSOC and guaranteed by the Company. The Notes have been issued pursuant to an Indenture, dated as of September 18, 2017, as supplemented by the Sixteenth Supplemental Indenture, dated as of August 14, 2023 (the “Base…

Entry Into a Material Definitive Agreement On April 1, 2026, Public Storage (the “Company”) and Public Storage Operating Company, a subsidiary of the Company (“PSOC”), entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, as joint book-running managers of the several underwriters named therein (the “Underwriters”), for the sale of $500 million aggregate principal amount of senior notes due 2035 (the “Notes”). The Notes…

Entry into a Material Definitive Agreement. Merger Agreement On March 16, 2026, Public Storage, a Maryland real estate investment trust (“Parent”), Public Storage OP, L.P., a Delaware limited partnership (“Parent OP”), Pelican Merger Sub I, LLC, a Maryland limited liability company and a wholly owned subsidiary of Parent (“Merger Sub I”), Pelican Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent OP (“Merger Sub II” and, together with Parent, Pare…

Other Events. The Investor Presentation includes the following operating update for the period ended February 25, 2026. Same Store Facilities Operating Update (a) Period Ended February 25, 2026 2025 Change (b) (Amounts in thousands, except for per square foot amounts) Customers moving in during the period: Average annual contract rent per square foot (c) $ 11.93 $ 12.52 (4.7)% Square footage 18,561 19,687 (5.7)% Contract rents gained from move-ins $ 36,905 $ 41,080 (10.2)% Promotional discoun…