{"filings":[{"id":758800,"accession_number":"0001628280-26-039263","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-06-01T10:01:44+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage reports operating update: same-store occupancy 92.2%, churn improves to 16.4%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Same-store portfolio of 2,755 facilities (192.1M sq ft): occupancy 92.2% vs 92.1% YoY.","Move-in average annual rent $13.10/sq ft (-0.2% YoY); move-out rent $18.98/sq ft (-4.1% YoY).","Same-store churn improved to 16.4% from 19.6% YoY, a 3.2 percentage point decline.","Data covers April 1 – May 28, 2026 vs 2025; presented at investor conference."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92588,"accession_number":"0001193125-26-215591","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-05-11T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"Shankh Mitra re-elected as chairman with 24% against votes; all proposals pass","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Trustee Shankh Mitra received 119.8M for, 38.3M against (24% withhold); he remains Chairman.","Advisory say-on-pay passed with 153.5M for (96.8% of votes cast).","Ernst & Young ratified as auditor for FY2026 with 153.3M for, 11.0M against.","Board committees appointed: Audit (Petherbridge chair), Compensation (Poladian chair), Nominating (Pipes chair).","All twelve trustee nominees elected; 5.7M broker non-votes on each."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92587,"accession_number":"0001628280-26-027484","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-04-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q1 Core FFO $4.22, net income $2.71; reaffirms FY guidance; CEO Tom Boyle appointed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 Core FFO $4.22/share (up 2.4% YoY); net income $2.71/share (up 32.8%).","Same-store NOI margin 77.1% (up 0.4%); revenue $1.00B flat YoY; occupancy 91.5%.","Reaffirmed FY2026 Core FFO guidance $16.35-$17.00/share; same-store NOI growth (3.9)% to (0.5)%.","Tom Boyle appointed CEO and trustee effective April 1, 2026; Shank Mitra appointed Chairman.","Completed $500M 5.00% senior notes due 2035; used proceeds to repay $325M credit line."],"consensus_eps_estimate":null,"consensus_eps_actual":2.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":1217741000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92586,"accession_number":"0001193125-26-143776","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-04-06T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Public Storage closes $500M offering of 5.000% senior notes due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.","Interest payable semi-annually starting June 15, 2026; notes are unsecured and unsubordinated.","Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.","Notes redeemable at make-whole price, or at par after Sep 15, 2035."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92585,"accession_number":"0001193125-26-140334","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Public Storage subsidiary prices $500M 5.000% senior notes due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$500M aggregate principal, 5.000% interest, issued at 99.182% of par, due Dec 15, 2035.","Interest payable semi-annually starting June 15, 2026; offering expected to close April 6, 2026.","Proceeds to repay revolving credit facility and for general corporate purposes, including investments.","Notes issued by PSOC, guaranteed by Public Storage; joint book-runners BofA Securities and J.P. Morgan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103535,"accession_number":"0001193125-26-109593","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Public Storage to acquire National Storage Affiliates Trust; NSA shares get 0.1400 PSA shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["NSA common shareholders to receive 0.1400 PSA common shares per share in stock-for-stock merger.","NSA preferred shares converted into new PSA preferred shares with materially identical terms.","Termination fee of $201,966,000 payable by NSA if it terminates for a superior proposal.","Dropdown JV to hold $3.2B of NSA assets with $2.2B debt; 80% owned by NSA limited partners.","Merger subject to NSA shareholder vote, regulatory approvals, S-4 effectiveness; target close by Dec 16, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103534,"accession_number":"0001193125-26-107159","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Public Storage to acquire National Storage Affiliates in $10.5B all-stock deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-stock transaction: NSA shareholders receive 0.14 PSA shares per NSA share, valued at $41.68 per NSA share.","Enterprise value ~$10.5B; combined pro forma equity market cap ~$57B, total EV ~$77B.","Public Storage to wholly own 488 NSA properties; new JV (80% NSA OP unitholders, 20% PSA) holds 313 properties.","Joint venture capitalized with $2.2B secured debt; PSA provides $240M mezzanine loan; ~70% leverage.","Transaction unanimously approved by both boards; expected close Q3 2026, subject to NSA equity holder approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103533,"accession_number":"0001628280-26-012969","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-03-02T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage Feb 2026 same-store occupancy 91.7%, move-in rents down 4.7% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Same-store (2,755 properties) occupancy 91.7% vs 90.6% a year ago (+1.1ppts).","Move-in annual contract rent per sq ft $11.93, down 4.7% YoY; contract rents gained from move-ins $36.9M (-10.2%).","Move-out annual contract rent per sq ft $19.55, down 2.3%; contract rents lost $53.5M (-7.6%).","Annualized contract rent per occupied sq ft $22.13, essentially flat (-0.1% YoY).","Promotional discounts on move-ins fell 16% to $9.2M, indicating less discounting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103532,"accession_number":"0001628280-26-007684","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q4 net income $2.60/share (-19% YoY); CEO Joe Russell retiring, Tom Boyle named successor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Q4 net income $2.60 per share vs $3.21 YoY; Core FFO $4.26 vs $4.21 (+1.2%).","Full-year 2025 net income $9.01 per share (-15.3%); Core FFO $16.97 (+1.8%).","Same Store NOI margin 78.4% Q4; guidance 2026 Core FFO $16.35-$17.00 per share.","Acquired 13 facilities for $131M in Q4; 87 facilities for $945.6M in FY2025.","Leadership transition: CEO Joe Russell retires March 31, 2026; Tom Boyle (CFIO) becomes CEO April 1; Joe Fisher named President/CFO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103531,"accession_number":"0001193125-26-048660","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"Public Storage announces CEO succession, new Chairman, relocation to Frisco, and PS4.0 strategy","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Joe Russell retiring March 31, 2026; CFO Tom Boyle appointed CEO effective April 1, 2026.","Shankh Mitra (Welltower CEO) named non-executive Chairman; invests $25M in 10-year options at $350 strike.","Joe Fisher named President & CFO from UDR; Natalia Johnson and Chris Sambar promoted to Presidents.","Corporate HQ relocated from Glendale, CA to Frisco, TX effective immediately; PS4.0 strategic plan unveiled.","Russell consulting agreement: $400K/month through March 2027; new TSR-based incentive program for executives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103530,"accession_number":"0001628280-26-001156","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2026-01-07T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage reports Q4 2025 operating update: occupancy up, move-in rents down 10.6%; acquired $942M in properties","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q4 2025 move-in rent per sq ft down 10.6% YoY to $11.60; occupancy at 91.0%, up 50 bps from Dec 2024.","Full-year 2025 same-store move-in rent -6.5% to $12.80; move-out rent -1.4% to $20.30; discounts -11% to $56.9M.","Acquired 87 self-storage facilities for $942.2M (6.1M sq ft) in 2025.","Annual contract rent per occupied sq ft at Dec 31: $22.55, down 0.7% from $22.72 a year ago."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119790,"accession_number":"0001628280-25-055820","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage reports Nov 2025 operating update: move-in rent down 10% in last two months, occupancy flat at 91.2%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Two-month move-in avg annual contract rent $11.55/sq ft, down 10.0% YoY from $12.84/sq ft.","Eleven-month move-in contract rent per sq ft $12.88, down 6.2% YoY; promotional discounts down 8.8%.","Same-store occupancy at Nov 30: 91.2%, unchanged YoY; annual contract rent per occupied sq ft $22.59 (-0.3%).","Year to date, Public Storage acquired or is under contract to buy 88 facilities (6.1M sq ft) for $949.4M.","Two-month move-out contract rent lost $69.1M, down 3.2% YoY on lower square footage moved out."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119789,"accession_number":"0001628280-25-047143","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-10-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q3 Core FFO $4.31, beats; raises 2025 guidance; acquires $511M in facilities","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income allocable to common shareholders $461.4M ($2.62/diluted share) vs $380.7M ($2.16) in Q3 2024, up 21.2%.","Core FFO per share $4.31, up 2.6% YoY; full-year guidance raised to $16.70-$17.00 from $16.45-$17.00.","Acquired 49 facilities for $511.4M in Q3; year-to-date total ~$934.5M including subsequent contracts.","Same Store direct NOI margin 78.5%; weighted avg occupancy 92.2% vs 92.7% prior year.","Quarterly dividend unchanged at $3.00/share, payable Dec 30, 2025 to holders of record Dec 15."],"consensus_eps_estimate":null,"consensus_eps_actual":6.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":3608321000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119788,"accession_number":"0001193125-25-230340","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-10-03T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Public Storage Operating Company closes €425M 3.5% senior notes due 2034","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["PSOC issued €425M 3.500% senior notes due Jan 20, 2034; parent Public Storage guarantees.","Interest payable annually from Jan 20, 2026; notes rank equally with existing unsecured debt.","Make-whole redemption before Oct 20, 2033; after that par plus accrued.","Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.","Issued under shelf registration; prospectus supplement filed Sep 26, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136356,"accession_number":"0001193125-25-223356","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-09-29T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Public Storage issues €425M 3.500% senior notes due 2034 to repay €242M 2025 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["€425M aggregate principal, 3.500% interest, issued at 99.447% of par, matures Jan 20, 2034.","Net proceeds to repay €242M of 2.175% senior notes due Nov 2025 and for general corporate purposes.","Notes issued by PSOC, guaranteed by PSA; expected closing Oct 3, 2025.","Underwriters include BNP Paribas, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. International plc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136355,"accession_number":"0001393311-25-000126","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-09-08T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage same-store occupancy 91.3%; move-in rents down 7.9% YoY; 74 facilities acquired/under contract for $811M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Same-store occupancy at 91.3% vs 91.6% a year ago; move-in rents fell 7.9% YoY to $13.57/sq ft.","Move-out rents declined 2.3% to $20.26/sq ft; contract rents lost totaled $76.4M in two months.","Acquired or under contract to buy 74 self-storage facilities (5.1M sq ft) for $811.0M YTD.","Eight-month move-in rent per sq ft down 5.7% to $13.16; total contract rents gained fell 5.0%.","Annual contract rent per occupied sq ft at August 31 was $22.79, down 0.1% from prior year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136354,"accession_number":"0001393311-25-000119","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["2.02","9.01","5.02"],"status":"ready","headline":"Public Storage Q2 core FFO $4.28 (+1.2% YoY); net income down 34%; appoints new trustee","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income allocable to common shareholders of $309M ($1.76/diluted), down from $468M ($2.66) in Q2 2024, on $158.5M FX loss.","Core FFO per share of $4.28, up 1.2% YoY; Same Store NOI margin 78.8%, direct NOI down 0.3%.","Acquired 16 facilities ($162M) in Q2; post-quarter acquired/under contract 47 facilities ($482M).","Completed $875M public offering of unsecured senior notes in various tranches.","Appointed Luke Petherbridge (CEO of Link Logistics) as independent trustee, effective immediately."],"consensus_eps_estimate":null,"consensus_eps_actual":3.79,"consensus_revenue_estimate":null,"consensus_revenue_actual":2384278000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153487,"accession_number":"0001193125-25-152693","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-06-30T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Public Storage subsidiary issues $875M in senior notes: $475M at 4.375% due 2030 and $400M at 5.000% due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["PSOC issued $475M 4.375% Senior Notes due July 1, 2030.","PSOC issued $400M 5.000% Senior Notes due July 1, 2035.","Interest payable semi-annually on Jan 1 and Jul 1, starting Jan 1, 2026.","Notes are unsecured, unsubordinated obligations of PSOC, guaranteed by Public Storage.","Proceeds used for general corporate purposes; covenants include unencumbered assets test."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153486,"accession_number":"0001193125-25-151300","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-06-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Public Storage issues $875M in two-tranche senior notes at 4.375% (2030) and 5.000% (2035)","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$475M of 4.375% senior notes due 2030 issued at 99.707% of par; $400M of 5.000% notes due 2035 at 99.557%.","Net proceeds will repay $400M floating-rate notes due 2025 and fund acquisitions, general corporate purposes.","Notes are issued by Public Storage Operating Company and guaranteed by Public Storage.","Offering expected to close June 30, 2025, under a shelf registration filed Dec 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153485,"accession_number":"0001393311-25-000100","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage: May occupancy 92.3%, move-in rents down 4.6%; $750.9M facility acquisitions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Same-store occupancy at May 31, 2025: 92.3%, down 0.5 ppt from 92.8% a year ago.","Move-in average annual contract rent per sq ft fell 4.6% to $13.34; move-out rent declined 2.0% to $20.25.","Annual contract rent per occupied sq ft up 0.4% to $22.55.","Acquired or under contract to acquire 69 self-storage facilities (4.7M sq ft) for $750.9M since Jan 1.","Investor presentation posted on IR website includes these two-month operating metrics through May 31."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153484,"accession_number":"0001193125-25-115936","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Public Storage shareholders elect 12 trustees, approve say-on-pay and equity plan amendment","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 12 trustee nominees elected; largest vote against was Kristy M. Pipes (8.0M against, 146.5M for).","Say-on-pay approved: 146.1M for, 8.3M against, 578K abstain.","Ernst & Young ratified as auditor for 2025: 150.6M for, 10.5M against.","Equity plan amendment approved: 148.6M for, 5.8M against, 515K abstain.","Meeting held May 7, 2025; all proposals passed with broker non-votes noted where applicable."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153483,"accession_number":"0001393311-25-000068","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q1 net income down 22% to $358M; Core FFO per share up 2.2% to $4.12","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income allocable to common shareholders: $358.2M / $2.04 diluted share vs $459.2M / $2.60 in Q1 2024.","Core FFO allocable to common: $724.6M / $4.12 per share, up from $711.0M / $4.03 YoY.","Same Store occupancy 91.5% (down 0.6pp); revenue +0.1%, NOI flat. Direct NOI margin 77.1%.","Acquired 9 facilities for $141.0M in Q1; post-quarter $43.2M for 5 facilities under contract.","Proposed acquisition of Abacus Storage King (ASK) for A$1.47/security; PSA share ~$586M, subject to conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":2.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":1183184000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172219,"accession_number":"0001393311-25-000034","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q4 Core FFO $4.21/sh; 2025 guidance assumes $0.23 LA fire hit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $3.21/diluted share; Core FFO $4.21/diluted share vs $4.20 YoY.","Same Store revenue -0.6% YoY; direct NOI margin 79.2% vs 79.6%.","Full year 2024 acquired 22 facilities for $267.5M; post-Q4 acquired/under contract 9 for $140.7M.","2025 Same Store revenue guidance -1.3% to +0.8%; expense growth 2.5% to 4.5%.","Regular quarterly common dividend declared $3.00/share, payable March 28, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":10.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":4695616000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189199,"accession_number":"0001193125-24-269348","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-12-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Public Storage establishes $2B at-the-market equity distribution program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $2B of common shares may be sold through managers including Morgan Stanley, BofA, and Goldman Sachs.","Proceeds contributed to PSOC for general corporate purposes and self-storage facility acquisitions.","Forward sale agreements available; company expects physical settlement for cash proceeds.","Manager compensation capped at 2.0% of gross sales price; existing buyback has >10.5M shares remaining."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189198,"accession_number":"0001193125-24-248690","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Public Storage appoints Christopher Sambar as COO and principal operating officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sambar, 51, joined Oct 14, 2024; previously President of AT&T Network overseeing ~27,000 employees.","Initial annual base salary of $800,000; eligible for annual cash and equity awards starting 2025.","Received $1M make-whole cash bonus; equity awards of $2.5M vested shares and $5M time-vesting LTIP units.","LTIP units vest in three equal annual installments; indemnification agreement entered into.","Sambar also serves as director of AST SpaceMobile (NASDAQ: ASTS) since June 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189197,"accession_number":"0001393311-24-000192","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q3 EPS $2.16, Core FFO $4.20; Same Store NOI down 2.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS $2.16 vs $3.20 in Q3 2023; Core FFO per share $4.20 vs $4.33.","Same Store revenue -1.3%, NOI -2.5% YoY; occupancy 91.4% vs 91.9%.","Acquired 3 facilities for $24.3M in Q3; post-quarter 14 facilities for $181.2M.","FY 2024 Core FFO guidance unchanged at $16.50-$16.85; Same Store revenue guidance narrowed.","Board declared $3.00 common dividend payable Dec 30, 2024, record Dec 13."],"consensus_eps_estimate":null,"consensus_eps_actual":7.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":3518189000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":205697,"accession_number":"0001393311-24-000172","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-09-09T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage Q3 operating update: move-in rents down 9.4% YoY, occupancy slips to 91.6%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Average annual contract rent per sq ft for move-ins fell 9.4% to $14.82 from $16.36 YoY.","Move-out average contract rent decreased 2.8% to $20.85 per sq ft versus $21.44 last year.","Same-store square foot occupancy at August 31, 2024 was 91.6%, down 60 bps from 92.2%.","Contract rents gained from move-ins dropped 11.0% to $50.8M; move-out rents lost $77.6M (-2.9%).","Same-store facilities count remains 2,507 with 170.0M net rentable sq ft since Jan 1, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":205696,"accession_number":"0001393311-24-000166","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q2 net income $2.66/sh; core FFO $4.23; cuts 2024 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $468.4M ($2.66/diluted) vs $528.3M ($3.00) YoY; core FFO $4.23 vs $4.28.","Same-store revenue -1.0%, NOI -1.6%; occupancy 93.0% vs 93.5%; realized rent per occ. sq ft $22.54.","Repurchased $200M common shares at avg $275/sh; issued €150M notes (4.080%) and $1B senior notes.","2024 guidance lowered: same-store NOI growth now (3.0)-(1.3)% from prior (2.4)-0.7%; non-same store NOI cut.","CEO cites industry-wide competition impacting move-in rents; signs of stabilization noted."],"consensus_eps_estimate":null,"consensus_eps_actual":5.26,"consensus_revenue_estimate":null,"consensus_revenue_actual":2330431000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":205695,"accession_number":"0001193125-24-185158","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-07-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Public Storage appoints Maria R. Hawthorne to Board, effective immediately; Audit Committee member","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased to 12 trustees; Hawthorne appointed July 25, 2024, term expires at 2025 annual meeting.","Hawthorne is independent, audit committee financial expert; granted 9,806 AO LTIP Units valued at $540,000.","Over 35 years real estate experience; former CEO of PS Business Parks (sold in July 2022).","Current director at Essex Property Trust (NYSE:ESS) and ASGN Incorporated (NYSE:ASGN)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222629,"accession_number":"0001393311-24-000140","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-06-03T23:59:59+00:00","items":["7.01","8.01"],"status":"ready","headline":"Public Storage reports May 2024 operating update: move-in rents down 15.6% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Same-store move-in average annual rent per sq ft fell to $14.05 from $16.65 (-15.6% YoY).","Contract rents lost from move-outs declined 4.7% to $67.45M; occupied sq ft fell 3.2%.","Same-store occupancy at May 31 was 92.8%, down 10 bps from 92.9% a year earlier.","Annual contract rent per occupied sq ft slipped 1.1% to $22.64 from $22.89.","Investor presentation with the update posted on company website under Item 7.01."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222628,"accession_number":"0001193125-24-134196","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"Public Storage shareholders elect 11 trustees; say-on-pay and auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["11 trustees elected with board reduced to 11; Havner, Pipes, Williams each received >145M votes for.","Advisory vote on executive compensation approved: 147.2M for, 5.3M against, 8.7M broker non-votes.","Ernst & Young ratified as independent auditor for FY2024: 152.6M for, 9.1M against.","Committee chairs appointed: Pipes (Audit), Poladian (Compensation), Spogli (Nominating); Pipes named Lead Independent Trustee.","All results from May 7, 2024 Annual Meeting; effective same day."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222627,"accession_number":"0001393311-24-000108","cik":1393311,"company_name":"Public Storage","ticker":"PSA","form_type":"8-K","filed_at":"2024-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Public Storage Q1 net income down 1.8% to $2.60 EPS; Core FFO $4.03, down 1.2% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income allocable to common shareholders $459.2M ($2.60 diluted EPS) vs $467.6M ($2.65) in Q1 2023.","Core FFO per diluted share $4.03, down 1.2% YoY from $4.08.","Same Store revenue +0.1%, NOI -1.5% as expenses grew 4.8% (property taxes +7.4%, marketing +40.4%).","Issued $1.0B senior notes (floating $700M due 2027, fixed $300M 5.350% due 2053) and €150M 4.080% notes due 2039; repaid $700M and €100M notes.","FY2024 Core FFO guidance $16.60-$17.20 per share (-1.7% to +1.8% growth); Same Store NOI growth -2.4% to +0.7%."],"consensus_eps_estimate":null,"consensus_eps_actual":2.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":1157220000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":53855679585.00302,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}