---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-050608"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-07-29T20:07:48+00:00"
generated_at: "2026-07-29T20:09:35.206899+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Public Storage Q2 net income $2.55/share, raises FY2026 guidance; closes NSA merger, agrees to buy PS Canada

## Summary
- Q2 net income per share $2.55, up 44.9% YoY; Core FFO per share $4.17, down 2.6% YoY.
- Same-store revenue declined 0.6% YoY; average occupancy 92.5% vs 92.3% prior year.
- Raised FY2026 Core FFO guidance to $16.75-$17.05 per share from $16.35-$17.00.
- Closed NSA all-stock merger on July 22; portfolio now over 4,500 locations, 327M sq ft.
- Agreed to acquire PS Canada for $1.2B (68 properties, 5.3M sq ft); expected close Q3 2026.

## SEC filing metadata
- accession: 0001628280-26-050608
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-07-29T20:07:48+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000162828026050608/0001628280-26-050608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000162828026050608/psa-20260729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-050608
- JSON: https://secwatch.observer/filing/0001628280-26-050608.json
- Plain text: https://secwatch.observer/filing/0001628280-26-050608.txt

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