---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-22-000034"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:44:21.121157+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q3 Core FFO $4.13/share +20.8% YoY; special dividend $13.15 paid

## Summary
- Net income allocable to common shares $2,712M ($15.38 diluted EPS) vs $442M ($2.52) a year ago, driven by $2.1B gain on PSB sale.
- Core FFO per diluted share was $4.13, up 20.8% YoY; Same Store direct NOI margin 80.3% (+1.6pp).
- Acquired 24 self-storage facilities for $250.6M in Q3; subsequent to quarter end, 33 facilities for $262.6M.
- Paid special cash dividend of $13.15 per common share ($2.3B total) in August from PSB sale proceeds.
- Declared regular quarterly dividend of $2.00 per common share, payable Dec 29 to holders of record Dec 14.

## SEC filing metadata
- accession: 0001393311-22-000034
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331122000034/0001393311-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331122000034/psa-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-22-000034
- JSON: https://secwatch.observer/filing/0001393311-22-000034.json
- Plain text: https://secwatch.observer/filing/0001393311-22-000034.txt

## Key facts
- Earnings Releases
  Public Storage reported quarter ended September 30, 2022 results: net income net income allocable to our common shareholders was $2,712.2 million, EPS $15.38 per diluted common share.
  - Period: quarter ended September 30, 2022
  - Net income: net income allocable to our common shareholders was $2,712.2 million
  - EPS: $15.38 per diluted common share
  - Result: reported results
  source text: Public Storage Reports Results for the Three and Nine Months Ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000139331122000034/0001393311-22-000034-index.htm

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