diff --git a/python/sglang/srt/mem_cache/hiradix_cache.py b/python/sglang/srt/mem_cache/hiradix_cache.py
index 537dac798..04d60b8d5 100644
--- a/python/sglang/srt/mem_cache/hiradix_cache.py
+++ b/python/sglang/srt/mem_cache/hiradix_cache.py
@@ -3293,10 +3293,28 @@ class HiRadixCache(RadixCache):
         }
         self._cp_fallback_counts_last = dict(fallback_counts)
 
+        # Shared physical L2 pool report -- the REAL occupancy when l2 pooling is on.
+        # occ/used_tokens above are derived from _cp_counts, which the accounting
+        # explicitly skips for shared-L2 metadata (_cp_account_*: `not
+        # _is_cp_shared_l2_metadata`), so they read 0 even when the pool is full. The
+        # shared pool tracks its own pages_used/objects_committed/objects_evicted +
+        # load_hits/misses in the replicated CpSharedL2PageAllocator stats.
+        shared_l2_report = None
+        controller = getattr(self, "cache_controller", None)
+        if controller is not None and getattr(
+            controller, "cp_shared_l2_page_allocator", None
+        ) is not None:
+            report_fn = getattr(controller, "cp_shared_l2_cache_report", None)
+            if report_fn is not None:
+                try:
+                    shared_l2_report = report_fn()
+                except Exception:
+                    shared_l2_report = None
+
         logger.info(
             "[CP_HICACHE_LANE_STATS] occ=%s cap_tokens=%s used_tokens=%s max=%.3f "
             "min=%.3f spread=%.3f imbalance=%s hot_prefix_short=%d hot_prefix_long=%d "
-            "skew_token_threshold=%d drops_since_last=%s drops_total=%s",
+            "skew_token_threshold=%d drops_since_last=%s drops_total=%s shared_l2_pool=%s",
             [round(x, 3) for x in occ],
             list(capacity),
             list(used),
@@ -3309,6 +3327,7 @@ class HiRadixCache(RadixCache):
             skew_token_threshold,
             drops_since_last,
             dict(fallback_counts),
+            shared_l2_report,
         )
 
     def _probe_existing_radix_prefix_len_no_split(self, key: RadixKey) -> int: