secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001628280-26-012969
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026012969/0001628280-26-012969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026012969/psa-20260302.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-012969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer