Welcome to our dedicated page for Public Storage SEC filings (Ticker: PSA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Public Storage (NYSE: PSA) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Public Storage is an S&P 500 real estate investment trust that primarily acquires, develops, owns, and operates self-storage facilities and reports under Commission File Number 001-33519.
Through its Forms 8-K, Public Storage reports material events and operating updates, including quarterly and year-to-date financial results, acquisitions of self-storage facilities, development and expansion activity, and changes in its Board of Trustees. These filings often include reconciliations from net income to Funds from Operations (FFO) and Core FFO, as well as detailed Same Store Facilities operating metrics such as occupancy and annual contract rent per occupied square foot.
Filings also document capital markets transactions. Public Storage Operating Company, a subsidiary of Public Storage, issues unsecured senior notes that are guaranteed by the company. Related 8-K filings describe underwriting agreements, interest rates, maturities, covenants, and the intended use of proceeds, such as repaying existing notes and funding acquisitions or general corporate purposes. Other filings list the company’s common shares, multiple series of cumulative preferred shares represented by depositary shares, and guarantees of senior notes, all registered and traded on the New York Stock Exchange.
On this page, Stock Titan enhances PSA’s SEC filings with AI-powered summaries that explain the significance of each document in clear language. Real-time updates from EDGAR allow users to review new 8-Ks and other filings as they are posted, while AI highlights key figures, capital structure changes, and portfolio developments. Investors can also use this page to reference historical filings for context on Public Storage’s self-storage operations, financing strategy, and dividend-related disclosures.
Public Storage director Rebecca L. Owen reported exercising equity-based awards tied to 5,495.57 common shares of the company. These transactions involved the exercise or conversion of AO LTIP Units and LTIP Units into common share equivalents, with no open-market purchases or sales reported in this filing.
The AO LTIP Units carry an exercise or conversion price of $210.48 per common share and function similarly to net-exercise stock option awards, ultimately settling in limited partnership units that are redeemable for Public Storage common shares or their cash value at the company’s option.
Public Storage director Paul S. Williams reported two equity incentive transactions involving partnership-based units linked to the company’s common shares. On the reported date, he exercised or converted derivative awards for 6,000 AO LTIP Units and separately for 1,685.15 LTIP Units, all held directly.
The footnotes explain that AO LTIP Units function like “net exercise” stock options. Once vested, they can convert into LTIP Units based on the increase in Public Storage’s common share value over $223.61. Vested LTIP Units may then convert into OP Units, which are redeemable, at the company’s option, for either one common share per OP Unit or cash equal to the value of one common share.
Public Storage provides an early 2026 operating update from its investor presentation, focusing on same-store self-storage facilities for the period ended February 25, 2026. These 2,755 facilities total 192.1 million net rentable square feet and have been stabilized since January 1, 2024.
For customers moving in, average annual contract rent per square foot declined to $11.93 from $12.52, with square footage down to 18,561 thousand from 19,687 thousand and contract rents gained down to $36,905 thousand from $41,080 thousand. For move-outs, average annual contract rent per square foot eased to $19.55 from $20.01, while square footage fell to 16,427 thousand from 17,364 thousand and contract rents lost declined to $53,525 thousand from $57,909 thousand. At February 25, 2026, square foot occupancy improved to 91.7% from 90.6%, and annual contract rent per occupied square foot was essentially flat at $22.13 versus $22.16.
Public Storage Chief Investment Officer Tom Boyle reported an amended equity award. On
The amendment corrects an earlier Form 4 that overstated the number of AO LTIP Units granted. According to the filing, 60% of these AO LTIP Units vest on the sixth anniversary of the grant date, with the remaining 40% vesting ratably over the following two years. Once vested and subject to tax allocation conditions, they can ultimately be exchanged for Public Storage common shares or equivalent cash value.
Public Storage director Ronald L. Havner Jr. bought 112,258 OP Options in a private transaction on February 20, 2026. Each OP Option was purchased at $44.54 and gives the right to acquire common units of Public Storage OP, L.P. The OP Options become fully exercisable on the sixth anniversary of the settlement date. OP Units received upon exercise may later be exchanged for Public Storage common shares or the equivalent cash value.
Public Storage director Mitra Shankh privately bought 561,293 OP Options from Public Storage OP, L.P. at $44.54 per option. These out-of-the-money non-qualified OP Options become fully exercisable on the sixth anniversary of the settlement date.
Each OP Option relates to OP Units of Public Storage OP, which the reporting person may later exchange for Public Storage common shares or the cash value equivalent of those shares.
Public Storage executive Joseph D. Fisher filed an initial ownership report showing 68,886 AO LTIP Units tied to a recent promotion award. These units vest over a long period, with 60% vesting on the sixth anniversary of the grant and the remaining 40% vesting ratably over the following two years. The units become exercisable in stages on February 10, 2032, February 10, 2033, and February 10, 2034, and can ultimately be exchanged into Public Storage common shares or cash.
Public Storage director John Reyes reported equity incentive activity involving partnership units tied to the company’s common shares. He exercised or converted 28,275 AO LTIP Units at a price of $0.00 per unit, and separately received a grant of 6,980.49 LTIP Units, also at $0.00 per unit. Following these derivative acquisitions, he directly holds 76,582.65 LTIP and/or related OP Units, which represent interests that can ultimately be redeemed for Public Storage common shares or their cash value under the partnership structure.
Public Storage executive Tom Boyle, the company’s CFO and CIO, received a promotion-related grant of 242,248 AO LTIP Units in Public Storage OP, L.P. on February 10, 2026. These units were awarded at a price of $0 per unit as equity-based compensation.
The AO LTIP Units vest 60% on the sixth anniversary of the grant date, with the remaining 40% vesting ratably over the following two years. They become exercisable as to 60% on February 10, 2032, 20% on February 10, 2033, and 20% on February 10, 2034, and are scheduled to expire on February 9, 2036.
Public Storage, a Maryland REIT, describes its business as the leading U.S. owner, developer, and operator of self‑storage facilities, with 3,171 properties totaling 229 million net rentable square feet across 40 states as of December 31, 2025.
The company also earns income from tenant reinsurance, third‑party management of 362 facilities, a $142.1 million bridge lending program to self‑storage owners, and a 35% stake in European operator Shurgard. It highlights heavy use of technology, including its website, customer care center, eRental process, and mobile app to drive rentals and pricing.
Public Storage details growth strategies focused on improving same‑store performance, acquisitions, development and expansions, and scaling ancillary businesses. It emphasizes human capital, sustainability, and climate initiatives, while outlining extensive risk factors, including natural disasters, competition, regulation, cybersecurity, elevated interest rates, and maintaining REIT status.