Public Storage has agreed to acquire Public Storage Canada in a transaction valued at approximately $1.2 billion.
The portfolio consists of 68 properties totaling 5.3 million square feet. PS Canada had first quarter 2026 same-store occupancy of 83.1 percent with same-store rents of $23.24 per occupied square foot. The portfolio is located in the key Canadian markets of Toronto, Vancouver, Montreal, Calgary and Ottawa. These markets benefit from low supply per capita (well below the U.S. average) and the portfolio features robust three-mile trade area populations and household incomes.
