What to Expect From Public Storage's Next Quarterly Earnings Report

Core Viewpoint - Public Storage (PSA) is a leading self-storage REIT with a market cap of $51.6 billion, operating 3,399 facilities across 40 states, and is set to announce its fiscal fourth-quarter earnings for 2025 soon [1]. Financial Performance - Analysts anticipate PSA will report a Funds From Operations (FFO) of $4.23 per share for the upcoming quarter, a slight increase from $4.21 per share in the same quarter last year [2]. - For the full fiscal year, the expected FFO per share is $16.90, reflecting a 1.4% increase from $16.67 in fiscal 2024, with projections of $17.24 per share in fiscal 2026, marking a 2% year-over-year rise [3]. Stock Performance - PSA's stock has underperformed the S&P 500 Index, which gained 16.9% over the past 52 weeks, with PSA shares declining by 1.3% during the same period [4]. - The underperformance is attributed to weak industry demand, decreasing move-in rental rates, and rising operating costs amid economic uncertainties and a sluggish housing market [5]. Recent Earnings Report - On October 29, 2025, PSA shares fell by 3% after reporting Q3 results, with an FFO of $4.31 per share, exceeding Wall Street's expectation of $4.24 per share, and revenue of $1.22 billion, surpassing forecasts of $1.21 billion [6]. Analyst Ratings - The consensus opinion on PSA stock is moderately bullish, with a "Moderate Buy" rating. Out of 21 analysts, 11 recommend a "Strong Buy," while 10 suggest a "Hold." The average price target is $311, indicating a potential upside of 5.8% from current levels [7].