Public Storage (PSA) is slated to release fourth-quarter and full-year 2024 results on Feb. 24, after market close. Its quarterly core funds from operations (FFO) per share and revenues are expected to witness a year-over-year increase.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this self-storage real estate investment trust (REIT) delivered a miss of 1.18% in terms of core FFO per share. However, the figure declined 3.3% year over year. Quarterly revenu ...

The upcoming report from Public Storage (PSA) is expected to reveal quarterly earnings of $4.23 per share, indicating an increase of 0.7% compared to the year-ago period. Analysts forecast revenues of $1.18 billion, representing an increase of 1.5% year over year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior ...

Company Overview - Public Storage is the largest self-storage provider in the United States, with half of the U S population living within a trade area of one of its facilities [4] - The company has grown its storage space by 36% since 2019 through $11 7 billion in investments [7] - Public Storage generates 75% of its new customers through its digital eRental program, significantly higher than the 30% average of its REIT peers [9] Financial Performance - Public Storage's sales have grown by 12% over the last two years [2] - The company has a higher-than-average 4 1% dividend yield, which is about 20% above its 10-year average [14][15] - Public Storage's dividend payments have grown more than sixfold over the last two decades, representing a 10% annualized growth rate [14] Market Position and Growth Potential - Public Storage holds a 9% market share in the fragmented U S self-storage market, with 80% of the market consisting of smaller regional and local owners [11][12] - The company is well-positioned to continue consolidating the industry through mergers and acquisitions, supported by its best-in-class credit ratings [12] - Public Storage's high cash return on invested capital (ROIC) indicates its ability to generate substantial cash flows from new investments [10][12] Operational Strengths - Public Storage holds the highest Moody's and S&P Global credit ratings among U S REITs, providing a solid foundation for growth [6] - The company has implemented a digital operating model, with over 2 million customers using its mobile app, offering digital access, a digital care team, live help, and kiosks at each location [8] - Public Storage's digital prowess gives it an advantage in acquiring new customers, particularly among younger, tech-savvy generations [9] Valuation and Investment Appeal - Public Storage's stock has dropped roughly 30% from its highs, leading to a discounted valuation [1][16] - The company trades at 17 times cash from operations (CFO), near a decade-long low, making it an attractive investment despite its industry-leading qualities and growth prospects [16][17] - The combination of a 4 1% dividend yield, expansion potential, and best-in-class operations makes Public Storage a compelling S&P 500 dividend stock to buy in 2025 and hold long-term [17]

Shares of Public Storage (PSA) have risen 26.8% in the past six months compared with the industry’s growth of 16.3%.One of the top owners and operators of storage facilities in the United States, Public Storage enjoys a presence in all major metropolitan markets of the country. The ‘Public Storage’ brand is a much-recognized and established name in the self-storage industry.With this self-storage REIT riding high, individuals may rush to add it to their portfolio. However, before making any hasty decision, ...

Public Storage (NYSE: PSA ) is a well-run business that has been in business for over 52 years. But in my view, this beloved company will have difficulty growing at the rate it has in years past.I had no formal training or education about the stock market or investing as a kid. Like everyone around me, I spent lavishly on a modest income, carried robust credit card balances, and failed to add money to the stock market. I was miserable, and my lack of investment knowledge was making me miserable. I have stud ...

I find Public Storage (NYSE: PSA ) to be one of the more interesting REITs out there, given its focus storage unit properties. As the biggest player in the American storage unit market, I believe it distinguishes itself asMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy the ...

Public Storage (NYSE:PSA) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Participants Ryan Burke - Vice President, Investor Relations & Strategic Partnerships Joe Russell - President & Chief Executive Officer Tom Boyle - Chief Financial Officer Conference Call Participants Jeff Spector - Bank of America Michael Goldsmith - UBS Samir Khanal - Evercore ISI Eric Wolfe - Citi Eric Luebchow - Wells Fargo Nicholas Yulico - Scotiabank Spenser Allaway - Green Street Advisors Juan Sanabria - B ...

Public Storage (PSA) reported third-quarter 2024 core funds from operations (FFO) per share of $4.20, which missed the Zacks Consensus Estimate of $4.25. Also, the figure declined 3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of Public Storage were down marginally (by 0.69%) in the after-hours trading on Wednesday following the release of its third-quarter results. Public Storage experienced lower realized annual rent per occupied square foot and a decline ...

Public Storage (PSA) reported $1.19 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.8%. EPS of $4.20 for the same period compares to $3.20 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of +0.39%. The company delivered an EPS surprise of -1.18%, with the consensus EPS estimate being $4.25. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Public Storage (PSA) came out with quarterly funds from operations (FFO) of $4.20 per share, missing the Zacks Consensus Estimate of $4.25 per share. This compares to FFO of $4.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.18%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $4.20 per share when it actually produced FFO of $4.23, delivering a surprise of 0.71%.Ov ...