---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-25-000100"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:14:21.098597+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Public Storage: May occupancy 92.3%, move-in rents down 4.6%; $750.9M facility acquisitions

## Summary
- Same-store occupancy at May 31, 2025: 92.3%, down 0.5 ppt from 92.8% a year ago.
- Move-in average annual contract rent per sq ft fell 4.6% to $13.34; move-out rent declined 2.0% to $20.25.
- Annual contract rent per occupied sq ft up 0.4% to $22.55.
- Acquired or under contract to acquire 69 self-storage facilities (4.7M sq ft) for $750.9M since Jan 1.
- Investor presentation posted on IR website includes these two-month operating metrics through May 31.

## SEC filing metadata
- accession: 0001393311-25-000100
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000100/0001393311-25-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000100/psa-20250602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-25-000100
- JSON: https://secwatch.observer/filing/0001393311-25-000100.json
- Plain text: https://secwatch.observer/filing/0001393311-25-000100.txt

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