PSA: Company disclosure · Other company developments

Item 7.01 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 Item 8.01 below, 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 information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document. Item 8.01 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 partnership of the Company, Public Storage Operating Company, a Maryland real estate investment trust (“PSOC”), PS Canada and the Sellers (the “Transaction”). PS Canada owns 68 self-storage facilities with approximately 5.3 million net rentable square feet across major Canadian metropolitan markets. Pursuant to the terms and subject to the conditions set forth in the Transaction Agreement, PSOC acquired all of the