other material
confidence high
sentiment neutral
materiality 0.50
Public Storage reports operating update: same-store occupancy 92.2%, churn improves to 16.4%
Public Storage
- Same-store portfolio of 2,755 facilities (192.1M sq ft): occupancy 92.2% vs 92.1% YoY.
- Move-in average annual rent $13.10/sq ft (-0.2% YoY); move-out rent $18.98/sq ft (-4.1% YoY).
- Same-store churn improved to 16.4% from 19.6% YoY, a 3.2 percentage point decline.
- Data covers April 1 – May 28, 2026 vs 2025; presented at investor conference.