secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001628280-26-027484
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026027484/0001628280-26-027484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000162828026027484/psa-20260427.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-027484

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