Public Storage releases transcript of Q2 2026 earnings call
PSA•Q2 results and updated outlook
Public Storage released its Q2 2026 earnings call transcript from July 30, led by CEO Tom Boyle, President and CFO Joe Fisher, and IR VP Jed Reagan.
Core FFO was $4.17 per share. The company raised its 2026 Core FFO outlook to $16.75-$17.05, citing better same-store trends and interest expense.
Same-store revenue was -0.6% in Q2. Move-in rents were +1.6%, with occupancy at 92.5%. Guidance implies Q4 exits with positive same-store revenue growth.
Public Storage Canada acquisition
The Public Storage Canada acquisition targets a Q3 close.
The deal is valued at USD 1.2 billion, funded by USD 900 million in OP units, USD 300 million in Canadian debt, and earn-outs of USD 288 million.
Integration progress and store pipeline
The NSA deal closed on July 22, and 1,100 stores were moved onto systems overnight.
