secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001393311-24-000022
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331124000022/0001393311-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331124000022/psa-20240109.htm
  HTML page:      https://secwatch.observer/filing/0001393311-24-000022

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