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Public Storage to acquire Public Storage Canada
PUBLIC · PSAJun 22, 2026•2 months ago
Acquiring Company
Public Storage
Acquired Company
Public Storage Canada
CanadaSoftware
Description
Public Storage has announced its acquisition of Public Storage Canada for approximately $1.2 billion. This strategic move is aimed at expanding its market presence in major Canadian cities. The acquisition will enhance growth opportunities with a portfolio consisting of 68 properties and over 5.3 million square feet. The transaction is expected to close in the second half of 2026.
Company Information
Company
Public Storage
About
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2023, we had: (i) interests in 2,888 self-storage facilities located in 40 states with approximately 206 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 266 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Glendale, California.
Additional information about Public Storage is available on the Company’s website at PublicStorage.com.
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked
Who acquired Public Storage Canada?
Public Storage Canada was acquired by Public Storage. The deal was reported on June 22, 2026. Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. Public Storage is publicly traded (PSA).
When did Public Storage acquire Public Storage Canada?
Public Storage's acquisition of Public Storage Canada was reported on June 22, 2026. Public Storage has announced its acquisition of Public Storage Canada for approximately $1.2 billion. This strategic move is aimed at expanding its market presence in major Canadian cities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Public Storage Canada do?
Public Storage Canada is the third largest self-storage platform in Canada. The company has been independently owned and operated by the Hughes family under the Public Storage brand. It offers a range of self-storage solutions across key Canadian markets. It is privately held, operating in Software, and is based in Canada.
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CanadaSoftware