Public Storage and National Storage Affiliates Discuss Merger in High-Stakes Call
A merger conference call between Public Storage and National Storage Affiliates took place on March 16, 2026. The session began at 8:00 AM EDT, hosted by Brandon Reagan, Public Storage's Director of Investor Relations. Executives from both companies joined alongside financial analysts to discuss the deal's details.
The call opened with a presentation before moving to a Q&A session. Brandon Reagan led the proceedings as the host. Representing Public Storage were Joseph Russell (CEO & Trustee), David Cramer (President, CEO & Trustee), H. Boyle (Senior VP & Chief Investment Officer), and Joe Fisher (Co-President & CFO). National Storage Affiliates sent Dave Cramer, its President, CEO, and Trustee.
A group of analysts participated in the discussion. These included Todd Thomas from KeyBanc Capital Markets, Michael Goldsmith of UBS Investment Bank, and Steve Sakwa from Evercore ISI Institutional Equities. Others, such as Hong Zhang and Michael Mueller from JPMorgan Chase & Co, also took part. Additional contributors were Ravi Vaidya (Mizuho Securities), Ronald Kamdem (Morgan Stanley), Juan Sanabria (BMO Capital Markets), Viktor Fediv (Scotiabank), Caitlin Burrows (Goldman Sachs), Eric Wolfe (Citigroup), and Samir Khanal (BofA Securities). The focus remained on the merger's operational and financial aspects. However, no details were shared about the total number of self-storage units the combined company would own after the deal.
The call provided a platform for executives and analysts to explore the merger's implications. While key leaders from both firms attended, specific figures on the merged entity's storage capacity were not disclosed. The session concluded after addressing questions from the participating analysts.
