Public Storage to Acquire Public Storage Canada in Strategic Entry into Major Canadian Markets (opens original article in a new tab)

Public Storage is acquiring its Canadian subsidiary, Public Storage Canada, in a $1.2 billion deal to expand into key Canadian markets with strong growth potential.

• Public Storage to acquire Public Storage Canada for $1.2 billion USD
• Transaction includes $889 million in OP units and $310 million cash, with potential earn-out of $288 million
• Acquisition expands Public Storage's presence in major Canadian markets with high-income and low supply per capita