Company: PSA-PH
Filing Date: 2025-06-27
Form Type: 424B5
Source: 0001193125-25-151297
Chunk: 53

Company: Public Storage
Filing Date: 2025-06-27
Form: 424B5
Chunk 53
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 intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. Consequently no key information document required by the PRIIPs Regulation as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation. Notice to Prospective Investors in France Neither this prospectus supplement nor any other offering material relating to the notes described in this prospectus supplement has been or will be submitted to the clearance procedures of the Autorité des Marchés Financiersor of the competent authority of another member state of the European Economic Area and notified to the Autorité des Marchés Financiers. The notes have not been offered or sold and will not be offered or sold, directly or indirectly, to the public in France. Neither this prospectus supplement nor any other offering material relating to the notes has been or will be:

| • |     | released, issued, distributed or caused to be released, issued or distributed to the public in France; or |

| • |     | used in connection with any offer for subscription or sale of the notes to the public in France. Such offers, 
 sales and distributions will be made in France only:                                                          |

| • |     | to qualified investors (investisseurs qualifiés) and/or to a restricted circle of investors (cercle                                                                                                  
 restreint d’investisseurs), in each case investing for their own account, all as defined in, and in accordance with articles L.411-2, D.411-1, D.411-2, D.734-1, D.744-1, D.754-1 and D.764-1 of the 
 French Code monétaire et financier;                                                                                                                                                                  |

| • |     | to investment services providers authorized to engage in portfolio management on behalf of third parties; or |

| • |     | in a transaction that, in accordance with article                                                                             
 L.411-2-II-1° -or-2° -or-3° of the French Code monétaire et financier and article 211-2 of the General Regulations (Règlement 
 Général) of the Autorité des Marchés Financiers