Public Storage Reports Second Quarter 2026 Results and Raises Guidance

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