Company: PSA-PH
Filing Date: 2025-09-29
Form Type: 8-K
Source: 0001193125-25-223356
Chunk: 0

Company: Public Storage
Filing Date: 2025-09-29
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry Into a Material Definitive Agreement  

On September 26, 2025, Public Storage (the “ Company”) and Public Storage Operating Company, a subsidiary of the Company (“ PSOC”), entered into an underwriting agreement (the “ Underwriting Agreement”) with BNP PARIBAS, Goldman Sachs & Co. LLC and Morgan Stanley & Co. International plc, as joint book-running managers of the several underwriters named therein (the “ Underwriters”), for the sale of €425 million aggregate principal amount of senior notes due 2034 (the “ Notes”). The Notes will be issued by PSOC and guaranteed by the Company.

The Notes will bear interest at an annual rate of 3.500%, will be issued at 99.447% of par value and will mature on January 20, 2034.

The offering of the Notes was made pursuant to a shelf registration statement on FormS-3(File Nos. 333-283556and333-283556-01)filed by the Company and PSOC with the Securities and Exchange Commission (the “ SEC”) on December 2, 2024. A preliminary prospectus supplement, dated September 26, 2025, relating to the Notes and supplementing the prospectus was filed with the SEC pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “ Securities Act”).