The Big 3.
Public Storage completed its $10.5B acquisition of National Storage Affiliates on 22 July 2026, so the sector's four major public REITs are now three. NSA's card below shows its final standalone quarter (Q1 2026) for the record; it no longer trades independently.
Public Storage NYSE:PSA
10-Q Q1 2026Q1 2026 revenue $1.22B. Same-store realized rent declined 0.3% YoY, occupancy +0.4ppt. Completed its $10.5B acquisition of NSA on 22 Jul 2026 (announced March 2026); the combined company now operates over 4,500 self-storage properties and 327M rentable sqft. The facility count and rentable sqft on this card are the Q1 2026 pre-close 10-Q figures.
https://www.sec.gov/Archives/edgar/data/0001393311/000162828026027487/psa-20260331.htmExtra Space Storage NYSE:EXR
10-Q Q1 2026Q1 2026 revenue $856M. Same-store rental revenue +1.7%, NOI +1.2%. Largest by total store count (includes managed portfolio).
https://www.sec.gov/Archives/edgar/data/0001289490/000128949026000037/exr-20260331.htmCubeSmart NYSE:CUBE
10-K FY2025 + 10-Q Q1 2026Rent per sqft is FY2025 figure ($22.73). Same-store revenue +0.6% Q1 2026 — first positive print since mid-2024. 662 wholly-owned, 862 managed.
https://www.sec.gov/Archives/edgar/data/0001298675/000129867526000010/cube-20251231x10k.htmNational Storage Affiliates NYSE:NSA
10-Q Q1 2026Full operating portfolio: 1,061 properties (799 consolidated), 69.3M rentable sqft (51.1M consolidated), ~547,000 units across 37 states and Puerto Rico. Acquired by Public Storage under the March 2026 merger agreement ($10.5B); the deal completed on 22 Jul 2026, with each NSA share converting to 0.1400 PSA shares. Q1 2026 was NSA's final standalone quarter — it no longer trades as an independent REIT, and the 'big 4' is now the 'big 3'.
https://www.sec.gov/Archives/edgar/data/0001618563/000162828026030519/nsa-20260331.htm