{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-055820","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.293005+00:00","generated_at":"2026-05-16T13:56:26.415206+00:00","sec_items":["7.01","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Public Storage reports Nov 2025 operating update: move-in rent down 10% in last two months, occupancy flat at 91.2%","bullets":["Two-month move-in avg annual contract rent $11.55/sq ft, down 10.0% YoY from $12.84/sq ft.","Eleven-month move-in contract rent per sq ft $12.88, down 6.2% YoY; promotional discounts down 8.8%.","Same-store occupancy at Nov 30: 91.2%, unchanged YoY; annual contract rent per occupied sq ft $22.59 (-0.3%).","Year to date, Public Storage acquired or is under contract to buy 88 facilities (6.1M sq ft) for $949.4M.","Two-month move-out contract rent lost $69.1M, down 3.2% YoY on lower square footage moved out."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-055820","json":"https://secwatch.observer/filing/0001628280-25-055820.json","markdown":"https://secwatch.observer/filing/0001628280-25-055820.md","text":"https://secwatch.observer/filing/0001628280-25-055820.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000162828025055820/0001628280-25-055820-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000162828025055820/psa-20251208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:56:26.415206+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"}