{"schema_version":"secwatch.filing_event.v1","accession":"0001393311-23-000079","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.771346+00:00","generated_at":"2026-06-12T12:25:32.574751+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Public Storage Q2 core FFO $4.28/share, up 7.3% YoY; announces $2.2B Simply Storage acquisition","bullets":["Net income allocable to common shareholders $528.3M ($3.00 diluted EPS) vs $603.4M ($3.42) in Q2 2022.","Core FFO per diluted share $4.28, up 7.3% YoY; record customer move-in volume growth of 13.6%.","Same-store NOI increased 6.6% to $668.1M, driven by 6.3% revenue growth; occupancy 93.7%.","On July 24, agreed to acquire 127-facility Simply Self Storage from BREIT for $2.2B cash, expected Q3 close.","Issued $2.2B unsecured senior notes (2-30yr, rates SOFR+60bps to 5.350%) to fund acquisition; declared $3.00 quarterly dividend."],"urls":{"canonical":"https://secwatch.observer/filing/0001393311-23-000079","json":"https://secwatch.observer/filing/0001393311-23-000079.json","markdown":"https://secwatch.observer/filing/0001393311-23-000079.md","text":"https://secwatch.observer/filing/0001393311-23-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000139331123000079/0001393311-23-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000139331123000079/psa-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:25:32.574751+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6920a3ae20cb63aa23ac10a84310306d243c939f","claim":"Public Storage reported the three months ended June 30, 2023 results: net income $528.3 million, EPS $3.00 per diluted common share. Guidance raised.","evidence_excerpt":"For the three months ended June 30, 2023, net income allocable to our common shareholders was $528.3 million or $3.00 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000139331123000079/0001393311-23-000079-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$528.3 million"},{"label":"EPS","value":"$3.00 per diluted common share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"71e25757dc13e65fa9df7e148fe2314921379c9e","claim":"Public Storage reported the six months ended June 30, 2023 results: net income $995.8 million, EPS $5.65 per diluted common share. Guidance raised.","evidence_excerpt":"For the six months ended June 30, 2023, net income allocable to our common shareholders was $995.8 million or $5.65 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000139331123000079/0001393311-23-000079-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Net income","value":"$995.8 million"},{"label":"EPS","value":"$5.65 per diluted common share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}