Highest-materiality recent filing
Public Storage reports operating update: same-store occupancy 92.2%, churn improves to 16.4%
Same-store portfolio of 2,755 facilities (192.1M sq ft): occupancy 92.2% vs 92.1% YoY.
Shankh Mitra re-elected as chairman with 24% against votes; all proposals pass
Trustee Shankh Mitra received 119.8M for, 38.3M against (24% withhold); he remains Chairman.
Public Storage Q1 Core FFO $4.22, net income $2.71; reaffirms FY guidance; CEO Tom Boyle appointed
Q1 Core FFO $4.22/share (up 2.4% YoY); net income $2.71/share (up 32.8%).
Public Storage closes $500M offering of 5.000% senior notes due 2035
PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.
Public Storage subsidiary prices $500M 5.000% senior notes due 2035
$500M aggregate principal, 5.000% interest, issued at 99.182% of par, due Dec 15, 2035.
Public Storage to acquire National Storage Affiliates Trust; NSA shares get 0.1400 PSA shares
NSA common shareholders to receive 0.1400 PSA common shares per share in stock-for-stock merger.
Public Storage to acquire National Storage Affiliates in $10.5B all-stock deal
All-stock transaction: NSA shareholders receive 0.14 PSA shares per NSA share, valued at $41.68 per NSA share.
Public Storage Feb 2026 same-store occupancy 91.7%, move-in rents down 4.7% YoY
Same-store (2,755 properties) occupancy 91.7% vs 90.6% a year ago (+1.1ppts).
Public Storage announces CEO succession, new Chairman, relocation to Frisco, and PS4.0 strategy
CEO Joe Russell retiring March 31, 2026; CFO Tom Boyle appointed CEO effective April 1, 2026.
Q4 net income $2.60 per share vs $3.21 YoY; Core FFO $4.26 vs $4.21 (+1.2%).
Q4 2025 move-in rent per sq ft down 10.6% YoY to $11.60; occupancy at 91.0%, up 50 bps from Dec 2024.
Two-month move-in avg annual contract rent $11.55/sq ft, down 10.0% YoY from $12.84/sq ft.
Public Storage Q3 Core FFO $4.31, beats; raises 2025 guidance; acquires $511M in facilities
Net income allocable to common shareholders $461.4M ($2.62/diluted share) vs $380.7M ($2.16) in Q3 2024, up 21.2%.
Public Storage Operating Company closes €425M 3.5% senior notes due 2034
PSOC issued €425M 3.500% senior notes due Jan 20, 2034; parent Public Storage guarantees.
Public Storage issues €425M 3.500% senior notes due 2034 to repay €242M 2025 notes
€425M aggregate principal, 3.500% interest, issued at 99.447% of par, matures Jan 20, 2034.
Same-store occupancy at 91.3% vs 91.6% a year ago; move-in rents fell 7.9% YoY to $13.57/sq ft.
Public Storage Q2 core FFO $4.28 (+1.2% YoY); net income down 34%; appoints new trustee
Net income allocable to common shareholders of $309M ($1.76/diluted), down from $468M ($2.66) in Q2 2024, on $158.5M FX loss.
PSOC issued $475M 4.375% Senior Notes due July 1, 2030.
Public Storage issues $875M in two-tranche senior notes at 4.375% (2030) and 5.000% (2035)
$475M of 4.375% senior notes due 2030 issued at 99.707% of par; $400M of 5.000% notes due 2035 at 99.557%.
Public Storage: May occupancy 92.3%, move-in rents down 4.6%; $750.9M facility acquisitions
Same-store occupancy at May 31, 2025: 92.3%, down 0.5 ppt from 92.8% a year ago.
Public Storage shareholders elect 12 trustees, approve say-on-pay and equity plan amendment
All 12 trustee nominees elected; largest vote against was Kristy M. Pipes (8.0M against, 146.5M for).
Public Storage Q1 net income down 22% to $358M; Core FFO per share up 2.2% to $4.12
Net income allocable to common shareholders: $358.2M / $2.04 diluted share vs $459.2M / $2.60 in Q1 2024.
Public Storage Q4 Core FFO $4.21/sh; 2025 guidance assumes $0.23 LA fire hit
Q4 net income $3.21/diluted share; Core FFO $4.21/diluted share vs $4.20 YoY.
Public Storage establishes $2B at-the-market equity distribution program
Up to $2B of common shares may be sold through managers including Morgan Stanley, BofA, and Goldman Sachs.
Public Storage appoints Christopher Sambar as COO and principal operating officer
Sambar, 51, joined Oct 14, 2024; previously President of AT&T Network overseeing ~27,000 employees.
Public Storage Q3 EPS $2.16, Core FFO $4.20; Same Store NOI down 2.5%
Diluted EPS $2.16 vs $3.20 in Q3 2023; Core FFO per share $4.20 vs $4.33.
Public Storage Q3 operating update: move-in rents down 9.4% YoY, occupancy slips to 91.6%
Average annual contract rent per sq ft for move-ins fell 9.4% to $14.82 from $16.36 YoY.
Public Storage Q2 net income $2.66/sh; core FFO $4.23; cuts 2024 outlook
Net income $468.4M ($2.66/diluted) vs $528.3M ($3.00) YoY; core FFO $4.23 vs $4.28.
Public Storage appoints Maria R. Hawthorne to Board, effective immediately; Audit Committee member
Board increased to 12 trustees; Hawthorne appointed July 25, 2024, term expires at 2025 annual meeting.
Public Storage reports May 2024 operating update: move-in rents down 15.6% YoY
Same-store move-in average annual rent per sq ft fell to $14.05 from $16.65 (-15.6% YoY).
Public Storage shareholders elect 11 trustees; say-on-pay and auditor ratified
11 trustees elected with board reduced to 11; Havner, Pipes, Williams each received >145M votes for.
Public Storage Q1 net income down 1.8% to $2.60 EPS; Core FFO $4.03, down 1.2% YoY
Net income allocable to common shareholders $459.2M ($2.60 diluted EPS) vs $467.6M ($2.65) in Q1 2023.
On October 30, 2024, the Board of Trustees of Public Storage appointed Christopher Sambar, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately.
On July 25, 2024, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to twelve trustees and, in connection with such increase, appointed Maria R. Hawthorne to the Board, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders.
Max materiality 0.95 · Median 0.62 · Most common event other_material