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Public Storage to acquire National Storage for combined market cap of $57 billion

( March 16, 2026, 15:30 GMT | Official Statement) -- MLex Summary: Frisco, Texas-based Public Storage, a leader in the self-storage industry, has agreed to acquire Greenwood Village, Colorado-based National Storage Affiliates, a real estate investment trust. The all-stock transaction has an enterprise value of about $10.5 billion. National Storage’s portfolio includes more than 1,000 properties, 69 million square feet, and 550,000 units across 37 states and Puerto Rico. The combined company is expected to have a pro forma equity market capitalization of about $57 billion and a total enterprise value of roughly $77 billion.Statement follows in full. ...

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