Public Storage Releases Operating Update for April-May 2026

Summary

Public Storage has released an operating update for the periods from April 1 through May 28, 2026 and 2025. The update includes changes in average annual contract rent per square foot for customers moving in and out, same store churn, and weighted average square foot occupancy. The average annual contract rent per square foot for customers moving in decreased by 0.2%, while for customers moving out, it decreased by 4.1%. Same store churn decreased by 3.2% and weighted average square foot occupancy increased by 0.1%.