{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-007684","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2026-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.976009+00:00","generated_at":"2026-05-16T02:58:12.591294+00:00","sec_items":["2.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Public Storage Q4 net income $2.60/share (-19% YoY); CEO Joe Russell retiring, Tom Boyle named successor","bullets":["Q4 net income $2.60 per share vs $3.21 YoY; Core FFO $4.26 vs $4.21 (+1.2%).","Full-year 2025 net income $9.01 per share (-15.3%); Core FFO $16.97 (+1.8%).","Same Store NOI margin 78.4% Q4; guidance 2026 Core FFO $16.35-$17.00 per share.","Acquired 13 facilities for $131M in Q4; 87 facilities for $945.6M in FY2025.","Leadership transition: CEO Joe Russell retires March 31, 2026; Tom Boyle (CFIO) becomes CEO April 1; Joe Fisher named President/CFO."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-007684","json":"https://secwatch.observer/filing/0001628280-26-007684.json","markdown":"https://secwatch.observer/filing/0001628280-26-007684.md","text":"https://secwatch.observer/filing/0001628280-26-007684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000162828026007684/0001628280-26-007684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000162828026007684/psa-20260212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:58:12.591294+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"}