secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001393311-23-000086
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage July-Aug operating update: same-store occupancy 92.4%, move-in rents down 17.1% YoY
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- Same-store occupancy at Aug 31, 2023 was 92.4%, down from 93.3% a year ago.
- Average annual move-in contract rent per sq ft was $16.36, down 17.1% from $19.73.
- Average annual move-out contract rent per sq ft was $21.60, up 1.7% from $21.24.
- Annual contract rent per occupied sq ft rose 3.4% to $23.45.
- Update covers 2,344 same-store facilities (155.2M net rentable sq ft) for two months ended Aug 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331123000086/0001393311-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331123000086/psa-20230911.htm
  HTML page:      https://secwatch.observer/filing/0001393311-23-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer