---
schema_version: "secwatch.filing_event.v1"
accession: "0001393311-25-000126"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:31:04.304106+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Public Storage same-store occupancy 91.3%; move-in rents down 7.9% YoY; 74 facilities acquired/under contract for $811M

## Summary
- Same-store occupancy at 91.3% vs 91.6% a year ago; move-in rents fell 7.9% YoY to $13.57/sq ft.
- Move-out rents declined 2.3% to $20.26/sq ft; contract rents lost totaled $76.4M in two months.
- Acquired or under contract to buy 74 self-storage facilities (5.1M sq ft) for $811.0M YTD.
- Eight-month move-in rent per sq ft down 5.7% to $13.16; total contract rents gained fell 5.0%.
- Annual contract rent per occupied sq ft at August 31 was $22.79, down 0.1% from prior year.

## SEC filing metadata
- accession: 0001393311-25-000126
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000126/0001393311-25-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000139331125000126/psa-20250908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393311-25-000126
- JSON: https://secwatch.observer/filing/0001393311-25-000126.json
- Plain text: https://secwatch.observer/filing/0001393311-25-000126.txt

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