Ameriprise Financial Boosts Public Storage Stake

Asset manager adds 5,835 shares to its position in the real estate investment trust.

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc. increased its stake in Public Storage (NYSE: PSA) by 0.5% during the third quarter, according to a recent 13F filing. The asset manager now owns 1,241,387 shares of the real estate investment trust, worth approximately $355.7 million as of the filing date.

Why it matters

Public Storage is one of the largest self-storage real estate investment trusts in the United States, with over 2,500 locations nationwide. Ameriprise's increased stake suggests the firm sees continued growth potential in the self-storage sector, which has benefited from pandemic-driven demand for extra storage space.

The details

Ameriprise Financial added 5,835 shares of Public Storage to its portfolio during the third quarter, bringing its total ownership to approximately 0.71% of the company's outstanding shares. The asset manager cited Public Storage's strong market position and steady cash flows as reasons for the increased investment.

  • Ameriprise Financial filed its 13F report for the third quarter on 2026-03-17.

The players

Ameriprise Financial Inc.

A diversified financial services firm that provides wealth management, asset management, insurance, and annuity products to individual and institutional clients.

Public Storage

A real estate investment trust that owns and operates over 2,500 self-storage facilities across the United States.

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The takeaway

Ameriprise Financial's increased stake in Public Storage reflects the asset manager's confidence in the self-storage REIT's long-term growth prospects, even as the broader real estate market faces economic headwinds.