---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-24-000022"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:24:39.455746+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q4 same-store occupancy 91.6%; move-in rents down 17.8% YoY

## Summary
- Same-store occupancy fell to 91.6% at Dec 31, 2023 from 92.3% a year earlier.
- Average annual move-in rent per sq ft dropped 17.8% YoY to $13.73 in Q4 2023.
- Move-out rents were virtually flat YoY at $21.18 per sq ft.
- December 2023 move-in rents declined 11.2% YoY, improving from the Q4 average decline of 17.8%.
- Annual contract rent per occupied sq ft rose 0.7% to $23.04.

## SEC filing metadata
- accession: 0001393311-24-000022
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000022/0001393311-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000022/psa-20240109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-24-000022
- JSON: https://secwatch.observer/filing/0001393311-24-000022.json
- Plain text: https://secwatch.observer/filing/0001393311-24-000022.txt

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