Public Storage Announces $875M Senior Notes Sale

An announcement from Public Storage ( (PSA) ) is now available.

On June 26, 2025, Public Storage and its subsidiary, Public Storage Operating Company (PSOC), entered into an underwriting agreement with BofA Securities and Wells Fargo Securities for the sale of $875 million in senior notes. The offering, expected to close on June 30, 2025, aims to repay existing debt and fund general corporate purposes, including acquisitions of self-storage facilities. This strategic financial move is anticipated to strengthen Public Storage’s market position and operational capabilities.

The most recent analyst rating on (PSA) stock is a Hold with a $358.00 price target. To see the full list of analyst forecasts on Public Storage stock, see the PSA Stock Forecast page.

Spark’s Take on PSA Stock

According to Spark, TipRanks’ AI Analyst, PSA is a Outperform.

Public Storage’s strong financial performance and effective cash flow management are major strengths. While technical analysis shows mixed signals, the company’s robust non-same-store growth and digital transformation initiatives are promising. The valuation is on the higher side, balanced by a solid dividend yield. Earnings call insights reflect both opportunities and challenges, such as pricing restrictions and move-in rate declines.

To see Spark’s full report on PSA stock, click here.

More about Public Storage

Public Storage operates in the self-storage industry, providing storage solutions for individuals and businesses. The company focuses on acquiring and managing self-storage facilities, enhancing its market presence and service offerings.

Average Trading Volume: 836,819

Technical Sentiment Signal: Buy

Current Market Cap: $50.78B

Find detailed analytics on PSA stock on TipRanks’ Stock Analysis page.