Public Storage (PSA) Tops Q2 FFO Estimates

Public Storage (PSA) came out with quarterly funds from operations (FFO) of $4.23 per share, beating the Zacks Consensus Estimate of $4.20 per share. This compares to FFO of $4.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.71%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $4.07 per share when it actually produced FFO of $4.03, delivering a surprise of -0.98%. ...