---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-039263"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-06-01T10:01:44+00:00"
generated_at: "2026-06-01T10:10:32.906498+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Public Storage reports operating update: same-store occupancy 92.2%, churn improves to 16.4%

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-039263
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-06-01T10:01:44+00:00
- event_type: other_material
- sentiment: neutral
- 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/1393311/000162828026039263/0001628280-26-039263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000162828026039263/psa-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-039263
- JSON: https://secwatch.observer/filing/0001628280-26-039263.json
- Plain text: https://secwatch.observer/filing/0001628280-26-039263.txt

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