Company: PSA-PH
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001193125-25-223346
Chunk: 69

Company: Public Storage
Filing Date: 2025-09-29
Form: 424B5
Chunk 69
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 subsequently filed document of the types described below. We incorporate into this prospectus supplement by reference the following documents filed with the SEC by Public Storage, each of which should be considered an important part of this prospectus supplement:

| SEC Filing                                                                                                                                                                         
 Annual Report on Form 10-K                                                                                                                                                         
 Quarterly Reports on Form 10-Q                                                                                                                                                     |     | Period Covered or Date of Filing                                                           
 Year ended December 31, 2024 (filed February 24, 2025)                                     
 Quarters ended March 31, 2025 (filed April                                                 
 30, 2025) and June 30, 2025 (filed July 30, 2025)                                          |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------------------------------------------------------------------------------------|
| Current Reports on Form 8-K                                                                                                                                                        |     | Filed May                                                                                  
 8, 2025, June                                                                              
 3, 2025 (with respect to Item 8.01 only), June                                             
 27, 2025, June                                                                             
 30, 2025, July                                                                             
 30, 2025 (with respect to Item 5.02 only) and September 8, 2025 (with respect to Item 8.01 
 only)                                                                                      |
| Definitive Proxy Statement on Schedule 14A                                                                                                                                         |     | Filed March 28, 2025                                                                       |
| All subsequent documents filed by us under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934 (other than those “furnished” pursuant to Item 2.02 or Item 7.01 of Form 
 8-K or other information furnished to the SEC)                                                                                                                                     |     | After the date of this prospectus supplement and before the termination of the offering    |

You may request a copy of each of our filings at no cost, by writing or telephoning us at the following address, telephone or facsimile number: Investor Services Department Public Storage S-43

701 Western Avenue

Glendale, California 91201-2349

Telephone: (800) 421-2856

(818) 244-8080

Facsimile: (800) 291-1015

Exhibits to a document will not be provided unless they are specifically incorporated by reference in that document.

S-44

LEGAL MATTERS

Certain legal and tax matters will be passed upon for