secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001393311-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage Q4 core FFO $4.16 (+17.5% YoY); same-store NOI up 15%; appoints COO as principal operating officer
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- Q4 net income allocable to common shareholders $362.6M ($2.06 diluted EPS), down from $558.1M ($3.17) in Q4 2021.
- Core FFO per diluted share $4.16, up 17.5% YoY; full year Core FFO $15.92, up 23.1%.
- Same-store direct NOI increased 15.0% in Q4, with revenue up 13.0% and margin 81.2%.
- Acquired 30 self-storage facilities for $228.6M in Q4; full year acquisitions $730.5M for 74 facilities.
- Appointed David Lee, COO, as principal operating officer effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331123000011/0001393311-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331123000011/psa-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001393311-23-000011

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