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The latest announcement is out from Public Storage ( (PSA) ).
On April 1, 2026, Public Storage and its subsidiary Public Storage Operating Company entered into an underwriting agreement with BofA Securities and J.P. Morgan Securities to issue $500 million of senior notes due December 15, 2035, bearing interest at 5.000% and priced at 99.182% of par. The notes, guaranteed by Public Storage, are expected to close on April 6, 2026, with interest payable semi-annually starting June 15, 2026.
PSOC plans to use the net proceeds primarily to repay borrowings under its revolving credit facility and for general corporate purposes, including investments in self-storage facilities, debt repayment, and redemption of outstanding securities. The transaction underscores Public Storage’s continued use of the debt capital markets to refinance existing credit lines and to support ongoing expansion and portfolio investments in the self-storage industry.
The most recent analyst rating on (PSA) stock is a Hold with a $305.00 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 Neutral.
The score is driven primarily by strong cash generation and solid profitability, tempered by a higher and rising leverage profile. Near-term outlook is constrained by softer same-store guidance and move-in rent pressure, while technicals are mixed with weak short-term momentum. An attractive dividend and potential scale benefits from the NSA deal provide support but do not fully offset near-term operating headwinds.
To see Spark’s full report on PSA stock, click here.
More about Public Storage
Public Storage is a leading self-storage real estate company that develops, owns, and operates self-storage facilities, with a primary focus on investments in storage properties and related mortgage lending. Through its subsidiary Public Storage Operating Company, it accesses capital markets to fund acquisitions, development, and general corporate purposes in the self-storage sector.
Average Trading Volume: 1,270,458
Technical Sentiment Signal: Sell
Current Market Cap: $48.48B
See more insights into PSA stock on TipRanks’ Stock Analysis page.