Public Storage Posts 3Q EPS of $1.69
PSA sits 20% above its 52-week low of $256.54.
Summary
Public Storage reported third-quarter EPS of $1.69 per share, alongside revenue of $1.37B and net income of $366.9M. The print lands after a soft second quarter, when core FFO fell 2.6% to $4.17 per share on weaker same-store NOI and rising costs, even as the company raised full-year guidance. The quarter also includes the July close of the NSA merger and the September completion of the $1.2B PS Canada acquisition, so the EPS figure alone doesn't isolate same-store performance. The results now carry revenue and net income, but no FFO, guidance or same-store detail — those numbers will decide whether this is a beat or a miss.
At the time of this announcement, PSA was trading at $306.97 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $57.4B. The 52-week trading range was $256.54 to $335.55. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.