Public Storage (PSA) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Wall Street analysts expect Public Storage (PSA) to report quarterly earnings of $4.07 per share, reflecting a year-over-year increase of 1% [1] - Projected revenues for the quarter are anticipated to be $1.17 billion, which is a 1.5% increase from the previous year [1] - The consensus EPS estimate has been adjusted downward by 0.4% over the past 30 days, indicating a reassessment by analysts [1][2] Revenue Estimates - Analysts project 'Revenues- Self-storage facilities' to reach $1.09 billion, indicating a year-over-year change of +0.6% [4] - 'Revenues- Ancillary operations' are expected to be $78.36 million, reflecting a significant year-over-year increase of +10.1% [4] Key Metrics - The estimated 'Square Foot Occupancy' is projected at 91.0%, down from 91.9% in the previous year [4] - 'Rent per Occupied Square Foot' is expected to be $22.61 million, slightly up from $22.59 million reported in the same quarter last year [5] - 'Depreciation and amortization' is projected to reach $283.00 million, compared to $285.20 million in the same quarter of the previous year [5] Market Performance - Public Storage shares have shown a return of +0.6% over the past month, contrasting with the Zacks S&P 500 composite's -4.8% change [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6]