secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0001393311-25-000126
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331125000126/0001393311-25-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331125000126/psa-20250908.htm
  HTML page:      https://secwatch.observer/filing/0001393311-25-000126

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