{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-001156","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2026-01-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.975600+00:00","generated_at":"2026-05-16T11:20:04.091711+00:00","sec_items":["7.01","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Public Storage reports Q4 2025 operating update: occupancy up, move-in rents down 10.6%; acquired $942M in properties","bullets":["Q4 2025 move-in rent per sq ft down 10.6% YoY to $11.60; occupancy at 91.0%, up 50 bps from Dec 2024.","Full-year 2025 same-store move-in rent -6.5% to $12.80; move-out rent -1.4% to $20.30; discounts -11% to $56.9M.","Acquired 87 self-storage facilities for $942.2M (6.1M sq ft) in 2025.","Annual contract rent per occupied sq ft at Dec 31: $22.55, down 0.7% from $22.72 a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-001156","json":"https://secwatch.observer/filing/0001628280-26-001156.json","markdown":"https://secwatch.observer/filing/0001628280-26-001156.md","text":"https://secwatch.observer/filing/0001628280-26-001156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000162828026001156/0001628280-26-001156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000162828026001156/psa-20260107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:20:04.091711+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"}