Truist Securities maintains Public Storage at Buy, raises price target to $365 from $317

Public Storage Operating Company, a subsidiary of Public Storage, issued $500 million in 5.600% senior notes due in 2036. The unsecured notes are guaranteed by Public Storage and provide long-term debt financing. The notes pay interest semi-annually and were issued on November 6, 2026.

UBS kept Public Storage at Neutral but raised its price target to $334 from $294, a 13.6% increase. This implies a 2.6% downside from the Nov 4 close of $342.76. Recent analyst targets range from $294 to $323.

Public Storage and its subsidiary issued $500 million in senior notes due 2036, bearing 5.6% interest. The proceeds will repay commercial paper and partially repay 1.5% notes maturing in 2026. The deal is underwritten by BofA Securities, BNP Paribas Securities, Morgan Stanley, and others, closing on November 6, 2026.

Public Storage (PSA) priced a $500M bond offering due 2036 with a 5.600% interest rate, issued at 98.293% of par. Proceeds will repay commercial paper and 2026 senior notes. The company operates 4,764 self-storage facilities. The offering is expected to close November 6, 2026.

Public Storage priced $500M of senior notes due 2036 at 98.293% with a 5.600% coupon and a 5.200% effective rate, guaranteed by the company. Proceeds will repay commercial paper and 1.500% notes due 2026. Closing is expected Nov. 6, 2026.

Public Storage (PSA) priced a $650M debt offering, maturing in 2026. The company plans to use proceeds to repay outstanding debt. The offering is expected to close on November 6, 2026, subject to conditions. PSA is a REIT operating 4,764 self-storage facilities.