HighGravityDataPublic Storage — Jul 29, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-050608
Showing in the filing
Accretion from financing Strategic Acquisitions of NSA and PS Canada
“$0.02”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 23
Accretion from financing Strategic Acquisiti… for FY2026
“$0.02”
Same Store Revenue growth - Low
“(2.2)%”
Same Store Expense growth (High) for FY2026
“3.0%”
Same Store Expense growth
“1.5%” – “3.0%”
Same Store Expense growth - High
“2.8%”
Same Store Net operating income growth for FY2026
“(0.3)%” – “(2.0)%”
Same Store Net operating income growth - Low
“(3.9)%”
Same Store Net operating income growth - High
“(0.5)%”
Non-Same Store net operating income for FY2026
“$343,000” – “$357,000”
Non-Same Store net operating income - Low
“$335,000”
Non-Same Store net operating income - High
“$355,000”
Core FFO per share for FY2026
“$16.75” – “$17.05”
Core FFO per share - Low
“$16.35”
Core FFO per share - High
“$17.00”
NSA Merger run-rate synergies
“approximately $110 million to $130 million”
Run-rate synergies
“$110 million to $130 million”
NSA Merger FFO per share accretion timing
“expected to be accretive to FFO per share within the first year of closing”
NSA Merger annualized FFO accretion upon ful…
“approximately $0.35 to $0.50 per share”
Annualized FFO accretion
“$0.35 to $0.50 per share”
PS Canada acquisition expected close for Q3 FY2026
“expected to close in the third quarter of 2026”
Remaining development costs expected to be i…
“$431.6 million”
Unfunded loan commitments expected to close
“$44.3 million”
Same Store Revenue growth (Low) for FY2026
“(0.7)%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Net income and core funds from operations (“Core FFO”) per share for the quarter are presented below: Three Months Ended June 30, Change Six Months Ended June 30, 2026 Change Metric (per share) 2026 2025 $ % 2026 2025 $ % Net Income $2.55 $1.76 $0.79 44.9% $5.26 $3.79 $1.47 38.8% Core FFO $4.17 $4.28 $(0.11) (2.6)% $8.38 $8.39 $(0.01) (0.1)% Highlights for the quarter: • Increased outlook for the full-year 2026, following a strong performance in the first half of the year and optimism for the second half of 2026, including $0.02 of accretion from financing our Strategic Acquisitions of National Storage Affiliates Trust (NYSE: NSA) and Public Storage Canada (“PS Canada”). • Entered into an agreement to acquire PS Canada for US$1.2 billion. The portfolio consists of 68 properties totaling 5.3 million square feet. • Acquired 20 self-storage facilities with 1.5 million net rentable square feet for $222.5 million. Year to date, including activity subsequent to June 30, 2026, we acquired or were under contract to acquire 44 self-storage facilities with 3.2 million net rentable square feet, for $454.9 million. • Expanded our financial flexibility by executing forward sale agreements under our ATM program totaling 796,009 shares (at a weighted price of $326.32 per share) during the second quarter, and subsequent to quarter end, securing approximately $258 million in future settlement proceeds, to further bolster our value creation engine. • Entered into a new $3.0 billion unsecured revolving credit facility (the “Revolver”), plus a $500 million delayed draw term loan facility (the “Term Loan”), and established a $1.0 billion unsecured commercial paper program (the “Commercial Paper Program”). • Completed a public
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.