PSA · Public Storage

Public Storage (the “Company”) (NYSE: PSA) announced today its results for the quarter ended June 30, 2026, and its increased outlook for full-year 2026. Net income and core funds from operations (“Core FFO”) per share for the quarter are presented below: Three Months Ended June 30, Change Six Months Ended June 30, 2026 Change Metric (per share) 2026 2025 $ % 2026 2025 $ % Net Income $2.55 $1.76 $0.79 44.9% $5.26 $3.79 $1.47 38.8% Core FFO $4.17 $4.28 $(0.11) (2.6)% $8.38 $8.39 $(0.01) (0.1)% Highlights for the quarter: Increased outlook for the full-year 2026, following a strong performance in the first half of the year and optimism for the second half of 2026, including $0.02 of accretion from financing our Strategic Acquisitions of National Storage Affiliates Trust (NYSE: NSA) and Public Storage Canada (“PS Canada”). Entered into an agreement to acquire PS Canada for US$1.2 billion. The portfolio consists of 68 properties totaling 5.3 million square feet. Acquired 20

Public Storage (the “Company”) (NYSE: PSA) announced today its results for the quarter ended March 31, 2026 and its updated outlook for full-year 2026. Net income and core funds from operations (“Core FFO”) per share for the quarter are presented below: Three Months Ended March 31, Change Metric (per share) 2026 2025 $ % Net Income $2.71 $2.04 $0.67 32.8% Core FFO $4.22 $4.12 $0.10 2.4% Highlights for the quarter: Announced the pending acquisition of National Storage Affiliates Trust (NYSE: NSA) in an all-stock transaction valued at an enterprise value of approximately $10.5 billion. Achieved 2.4% Core FFO growth and 2.6% Total Self-Storage growth during the first quarter of 2026. Achieved a 77.1% Same Store net operating income margin, an expansion of 0.4% compared to the first quarter of 2025. Tom Boyle appointed as Chief Executive Officer and a trustee of the Board effective April 1, 2026. Shank Mitra appointed as Chairman of the Board effective April 1, 2026. Development

Public Storage (NYSE:PSA) announced today the tax treatment of the Company’s 2025 dividends. For the tax year ended December 31, 2025, distributions for the PSA common stock and all the various series of preferred stock were classified as follows: 2025 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Ordinary Dividends 100.0000% 100.0000% 100.0000% 100.0000% Capital Gain Distributions 0.0000% 0.0000% 0.0000% 0.0000% Total 100.0000% 100.0000% 100.0000% 100.0000% The ordinary dividends are not “qualified dividend income.” For shareholders other than corporations, the ordinary dividends are “qualified REIT dividends” in determining qualified business income. This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed. The Company is