---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-027484"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:45:34.574116+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q1 Core FFO $4.22, net income $2.71; reaffirms FY guidance; CEO Tom Boyle appointed

## Summary
- Q1 Core FFO $4.22/share (up 2.4% YoY); net income $2.71/share (up 32.8%).
- Same-store NOI margin 77.1% (up 0.4%); revenue $1.00B flat YoY; occupancy 91.5%.
- Reaffirmed FY2026 Core FFO guidance $16.35-$17.00/share; same-store NOI growth (3.9)% to (0.5)%.
- Tom Boyle appointed CEO and trustee effective April 1, 2026; Shank Mitra appointed Chairman.
- Completed $500M 5.00% senior notes due 2035; used proceeds to repay $325M credit line.

## SEC filing metadata
- accession: 0001628280-26-027484
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000162828026027484/0001628280-26-027484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000162828026027484/psa-20260427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-027484
- JSON: https://secwatch.observer/filing/0001628280-26-027484.json
- Plain text: https://secwatch.observer/filing/0001628280-26-027484.txt

## Key facts
- Earnings Releases
  Public Storage reported the quarter ended March 31, 2026 results: EPS $2.71. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2026
  - EPS: $2.71
  - Guidance: reaffirmed
  - Result: reported results
  source text: Public Storage (the “Company”) (NYSE: PSA) announced today its results for the quarter ended March 31, 2026 and its updated outlook for full-year 2026. Net income and core funds from operations (“Core FFO”) per share for the quarter are presented below: Three Months Ended March 31, Change Metric (per share) 2026 2025 $ % Net Income $2.71 $2.04 $0.67 32.8% Core FFO $4.22 $4.12 $0.10 2.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000162828026027484/0001628280-26-027484-index.htm

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