---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-234365"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T18:56:13.750422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Public Storage closes $2.2B acquisition of Simply Self Storage from BREIT

## Summary
- Acquisition of 127 wholly-owned properties (9M net rentable sq ft) across 18 states.
- 65% of properties located in high-growth Sunbelt markets.
- Funded via $2.2B of senior unsecured notes; transaction expected to be accretive to FFO per share.
- Since 2019, Public Storage expanded portfolio by 54M sq ft (33%) through $10.7B in acquisitions, development, and redevelopment.
- Adds 25 properties to PS Advantage third-party management platform.

## SEC filing metadata
- accession: 0001193125-23-234365
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312523234365/0001193125-23-234365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312523234365/d697066d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-234365
- JSON: https://secwatch.observer/filing/0001193125-23-234365.json
- Plain text: https://secwatch.observer/filing/0001193125-23-234365.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.