---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-24-000108"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:14:45.397150+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q1 net income down 1.8% to $2.60 EPS; Core FFO $4.03, down 1.2% YoY

## Summary
- Net income allocable to common shareholders $459.2M ($2.60 diluted EPS) vs $467.6M ($2.65) in Q1 2023.
- Core FFO per diluted share $4.03, down 1.2% YoY from $4.08.
- Same Store revenue +0.1%, NOI -1.5% as expenses grew 4.8% (property taxes +7.4%, marketing +40.4%).
- Issued $1.0B senior notes (floating $700M due 2027, fixed $300M 5.350% due 2053) and €150M 4.080% notes due 2039; repaid $700M and €100M notes.
- FY2024 Core FFO guidance $16.60-$17.20 per share (-1.7% to +1.8% growth); Same Store NOI growth -2.4% to +0.7%.

## SEC filing metadata
- accession: 0001393311-24-000108
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000108/0001393311-24-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000108/psa-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-24-000108
- JSON: https://secwatch.observer/filing/0001393311-24-000108.json
- Plain text: https://secwatch.observer/filing/0001393311-24-000108.txt

## Key facts
- Earnings Releases
  Public Storage reported the three months ended March 31, 2024 results: net income $2.60 per diluted common share, EPS $2.60.
  - Period: the three months ended March 31, 2024
  - Net income: $2.60 per diluted common share
  - EPS: $2.60
  - Result: reported results
  source text: Reported net income allocable to common shareholders of $2.60 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000139331124000108/0001393311-24-000108-index.htm

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