---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-012969"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:34:33.814356+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Public Storage Feb 2026 same-store occupancy 91.7%, move-in rents down 4.7% YoY

## Summary
- Same-store (2,755 properties) occupancy 91.7% vs 90.6% a year ago (+1.1ppts).
- Move-in annual contract rent per sq ft $11.93, down 4.7% YoY; contract rents gained from move-ins $36.9M (-10.2%).
- Move-out annual contract rent per sq ft $19.55, down 2.3%; contract rents lost $53.5M (-7.6%).
- Annualized contract rent per occupied sq ft $22.13, essentially flat (-0.1% YoY).
- Promotional discounts on move-ins fell 16% to $9.2M, indicating less discounting.

## SEC filing metadata
- accession: 0001628280-26-012969
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000162828026012969/0001628280-26-012969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000162828026012969/psa-20260302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-012969
- JSON: https://secwatch.observer/filing/0001628280-26-012969.json
- Plain text: https://secwatch.observer/filing/0001628280-26-012969.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.