secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001393311-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331124000041/0001393311-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331124000041/psa-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001393311-24-000041

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