---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-23-000095"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:44:30.723108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q3 Core FFO $4.33 (+4.8% YoY); raises 2023 guidance to $16.95-$17.15

## Summary
- Net income allocable to common shares $563.2M ($3.20/diluted) vs $2.7B in Q3 2022 which included $2.1B gain on sale of PSB.
- Core FFO per diluted share $4.33, up 4.8% YoY; 2023 Core FFO guidance raised to $16.95-$17.15 from $16.70-$16.95.
- Same Store direct NOI +1.9% on +2.5% revenue growth; occupancy 93.4% vs 94.5% YoY.
- Closed $2.2B Simply Self Storage acquisition (127 facilities); issued $2.2B senior notes to fund.
- Development pipeline 4.6M sq ft with $952.1M estimated cost; acquired ten additional facilities for $110.5M.

## SEC filing metadata
- accession: 0001393311-23-000095
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331123000095/0001393311-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331123000095/psa-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-23-000095
- JSON: https://secwatch.observer/filing/0001393311-23-000095.json
- Plain text: https://secwatch.observer/filing/0001393311-23-000095.txt

## Key facts
- Earnings Releases
  Public Storage reported the three and nine months ended September 30, 2023 results: net income $563.2 million, EPS $3.20 per diluted common share.
  - Period: the three and nine months ended September 30, 2023
  - Net income: $563.2 million
  - EPS: $3.20 per diluted common share
  - Result: reported results
  source text: Public Storage announced its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000139331123000095/0001393311-23-000095-index.htm

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