secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001628280-26-001156
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage reports Q4 2025 operating update: occupancy up, move-in rents down 10.6%; acquired $942M in properties
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026001156/0001628280-26-001156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026001156/psa-20260107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-001156

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