{"schema_version":"secwatch.filing_event.v1","accession":"0001393311-25-000119","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.877515+00:00","generated_at":"2026-05-17T22:56:30.145868+00:00","sec_items":["2.02","9.01","5.02"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Public Storage Q2 core FFO $4.28 (+1.2% YoY); net income down 34%; appoints new trustee","bullets":["Net income allocable to common shareholders of $309M ($1.76/diluted), down from $468M ($2.66) in Q2 2024, on $158.5M FX loss.","Core FFO per share of $4.28, up 1.2% YoY; Same Store NOI margin 78.8%, direct NOI down 0.3%.","Acquired 16 facilities ($162M) in Q2; post-quarter acquired/under contract 47 facilities ($482M).","Completed $875M public offering of unsecured senior notes in various tranches.","Appointed Luke Petherbridge (CEO of Link Logistics) as independent trustee, effective immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001393311-25-000119","json":"https://secwatch.observer/filing/0001393311-25-000119.json","markdown":"https://secwatch.observer/filing/0001393311-25-000119.md","text":"https://secwatch.observer/filing/0001393311-25-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000139331125000119/0001393311-25-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000139331125000119/psa-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:56:30.145868+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"}