{"schema_version":"secwatch.filing_event.v1","accession":"0001393311-25-000068","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.148292+00:00","generated_at":"2026-05-23T02:10:40.078098+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Public Storage Q1 net income down 22% to $358M; Core FFO per share up 2.2% to $4.12","bullets":["Net income allocable to common shareholders: $358.2M / $2.04 diluted share vs $459.2M / $2.60 in Q1 2024.","Core FFO allocable to common: $724.6M / $4.12 per share, up from $711.0M / $4.03 YoY.","Same Store occupancy 91.5% (down 0.6pp); revenue +0.1%, NOI flat. Direct NOI margin 77.1%.","Acquired 9 facilities for $141.0M in Q1; post-quarter $43.2M for 5 facilities under contract.","Proposed acquisition of Abacus Storage King (ASK) for A$1.47/security; PSA share ~$586M, subject to conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001393311-25-000068","json":"https://secwatch.observer/filing/0001393311-25-000068.json","markdown":"https://secwatch.observer/filing/0001393311-25-000068.md","text":"https://secwatch.observer/filing/0001393311-25-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000139331125000068/0001393311-25-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000139331125000068/psa-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:10:40.078098+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}