What to Expect From Public Storage’s Q3 2025 Earnings Report

Core Viewpoint - Public Storage is a leading self-storage REIT with a strong market presence, but faces challenges in profit growth and stock performance compared to broader market indices [1][2][5]. Company Overview - Public Storage is based in Glendale, California, and operates thousands of facilities across the U.S. and internationally, providing secure storage solutions [1]. - The company has a market capitalization of $51.66 billion, indicating its significant size within the industry [2]. Financial Performance - Analysts expect Public Storage's profit for the third quarter to grow marginally year-over-year to $4.24 per diluted share, with a mixed record of meeting Wall Street estimates [3][4]. - For the current fiscal year, profit is projected to reach $16.82 per diluted share, reflecting modest growth expectations [4]. Stock Performance - Public Storage's stock has underperformed the broader market, declining by 13.9% over the past 52 weeks and 1.7% year-to-date, while the S&P 500 Index has gained 13.4% and 11.4% respectively [5]. - The real estate sector, represented by the Real Estate Select Sector SPDR Fund, has seen a less pronounced decline of 5.4% over the same period [6]. Recent Results and Guidance - In the second quarter of fiscal 2025, Public Storage reported total revenues of $1.20 billion, a 2.4% increase year-over-year, surpassing analyst expectations [7]. - However, rising costs have pressured margins, with net income per share dropping from $2.66 in Q2 2024 to $1.76 in Q2 2025, and the company provided weak guidance for the current year [8].