---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-24-000041"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:53:50.192012+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q4 Core FFO $4.20 (+1% YoY); 2024 guidance $16.80-$17.20

## Summary
- Q4 net income $389.7M ($2.21 diluted EPS); Core FFO $4.20 per share, up 1.0% YoY.
- Full-year 2023 Core FFO $16.89 per share, up 6.1% YoY; record revenues and net operating income.
- Same Store direct NOI margin 79.7%; revenues +4.7% for full year; occupancy 91.6% at Dec 31.
- Acquired 11 facilities ($171.9M) in Q4; full-year acquisitions included 127 Simply Storage properties for $2.2B.
- 2024 Core FFO guidance $16.80-$17.20; same-store pool expands to 2,507 facilities (170M sq ft).

## SEC filing metadata
- accession: 0001393311-24-000041
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000041/0001393311-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000041/psa-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-24-000041
- JSON: https://secwatch.observer/filing/0001393311-24-000041.json
- Plain text: https://secwatch.observer/filing/0001393311-24-000041.txt

## Key facts
- Earnings Releases
  Public Storage reported the fourth quarter and year ended December 31, 2023 results: net income net income allocable to common shareholders of $2.21 per diluted share.
  - Period: the fourth quarter and year ended December 31, 2023
  - Net income: net income allocable to common shareholders of $2.21 per diluted share
  - Result: reported results
  source text: Public Storage announced its financial results for the quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000041/0001393311-24-000041-index.htm

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