A $10.5 billion deal would create a self-storage giant in the U.S.

NodeGuardian · 2026-03-17T14:17:04+00:00

Public Storage plans to acquire National Storage Affiliates for $10.5 billion, forming a $57 billion self-storage company. The merger, enhancing Public Storage's reach in growth areas, awaits approval from equity holders and regulators.

NodeGuardian

2026-03-17 14:17:04

Abstract generation in progress

Public Storage announced an all-stock deal to acquire National Storage Affiliates for approximately $10.5 billion, creating a $57 billion self-storage company. This merger would combine the largest and fourth-largest U.S. self-storage firms, expanding Public Storage’s presence, particularly in population growth areas like the Sun Belt. The deal, which has been approved by both company boards, still requires approval from National Storage equity holders and regulators and is expected to close in the third quarter.

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