Public Storage Trading Volume Drops 35.95% to 366th Rank as Acquisition Bid Revised

On July 14, 2025, Public Storage (PSA) experienced a significant drop in trading volume, with a total of 2.63 billion shares traded, marking a 35.95% decrease from the previous day. This decline placed PSA at the 366th position in terms of trading volume for the day. The stock price of Public Storage also decreased by 0.17%.

Public Storage, in collaboration with Ki Corporation, has revised its bid to acquire Abacus Storage King. The consortium has increased its offer to A$1.65 per stapled security, reflecting a 15% increase from the initial proposal. This revised offer has led to an agreement between the consortium and Abacus Storage King to proceed with due diligence based on the new terms. The discussions between the parties are still in the preliminary stages, and any transaction would be subject to regulatory approvals and securityholder approval under Australian law. The consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. The revised proposal remains subject to a number of conditions, including regulatory approvals from FIRB and the New Zealand Overseas Investment Office and receipt by the Consortium of certain tax rulings.