Public Storage to Acquire National Storage Affiliates Trust in $10.5 Billion Deal

Public Storage has reached an agreement to acquire National Storage Affiliates Trust in an all-stock transaction valued at approximately $10.5 billion, including debt. Bloomberg posted on X, highlighting the significance of this acquisition in the storage industry. The deal is expected to enhance Public Storage's market position and expand its portfolio, offering increased value to shareholders. This strategic move comes as the company seeks to capitalize on growth opportunities within the sector. The acquisition is subject to customary closing conditions and regulatory approvals, with both companies expressing optimism about the future prospects of the combined entity.