Public Storage said that for the 2 months ended August 31, 2025, the average annual contract rent per square foot for tenants moving in at same store facilities was $13.57, down 7.9% from $14.74 in the prior-year period.

8-KRegulation FD DisclosureFiled Sep 8, 2025Period of report Sep 8, 2025Summary published (UTC) Oct 13, 2026

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AI summary

Public Storage said that for the 2 months ended August 31, 2025, the average annual contract rent per square foot for tenants moving in at same store facilities was $13.57, down 7.9% from $14.74 in the prior-year period.
The company said that as of August 31, 2025, square foot occupancy at same store facilities was 91.3%, compared with 91.6% on the same date in the prior year, a change of 0.3%, and annual contract rent per occupied square foot was $22.79, compared with $22.82, a change of 0.1%.
Public Storage said that as of September 8, 2025, it had acquired or was under contract to acquire 74 self-storage facilities with 5.1 million net rentable square feet for $811.0 million since the beginning of the year.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Same Store Facilities: Decline in New Move-In Rent

Public Storage said that for the 2 months ended August 31, 2025, the average annual contract rent per square foot for tenants moving in at same store facilities was $13.57, down 7.9% from $14.74 in the prior-year period.

Source · Based on the filing body and exhibits

Occupancy and Rent as of August 31

The company said that as of August 31, 2025, square foot occupancy at same store facilities was 91.3%, compared with 91.6% on the same date in the prior year, a change of 0.3%, and annual contract rent per occupied square foot was $22.79, compared with $22.82, a change of 0.1%.

Source · Based on the filing body and exhibits

Self-Storage Facility Acquisitions Since Beginning of Year

Public Storage said that as of September 8, 2025, it had acquired or was under contract to acquire 74 self-storage facilities with 5.1 million net rentable square feet for $811.0 million since the beginning of the year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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