Public Storage 8-K (Mar 2, 2026): Same-store occupancy rose to 91.7% (vs 90.6%).
Filed with the SEC on · Summarized by InvestorsBot
Public Storage 8-K (Mar 2, 2026): Same-store occupancy rose to 91.7% (vs 90.6%). Annual contract rent per occupied sq ft flat at $22.13 (-0.1%). 2,755 same-store facilities (192.1M NRSF). $PSA 📈🏢 #REIT #Storage
Same-store leasing (period ended Feb 25, 2026): Move‑ins — avg contract rent $11.93/sqft (-4.7%), 18,561 sqft (-5.7%), rents gained $36.905M (-10.2%), promos $9.195M (-16%). Move‑outs — avg $19.55/sqft (-2.3%), 16,427 sqft, rents lost $53.525M (-7.6%). $PSA 📊 #REIT #Storage
Takeaway: Softer move‑in pricing and lower rents gained, but higher occupancy and reduced promotional discounts — a mixed signal for near‑term revenue growth. 8-K signed Mar 2, 2026 by Joseph D. Fisher. $PSA 🔍 #Investing #REIT