Compared to Estimates, Public Storage (PSA) Q4 Earnings: A Look at Key Metrics

Core Insights - Public Storage (PSA) reported a revenue of $1.22 billion for the quarter ended December 2025, marking a year-over-year increase of 3.3% and exceeding the Zacks Consensus Estimate of $1.21 billion by 0.57% [1] - The earnings per share (EPS) for the same period was $4.26, up from $3.21 a year ago, and also surpassed the consensus EPS estimate of $4.21 by 1.18% [1] Financial Performance Metrics - Square foot occupancy was reported at 91%, slightly below the estimated 92.1% by analysts [4] - Annual contract rent per occupied square foot was $22.55 million, slightly above the estimated $22.5 million [4] - Revenues from ancillary operations reached $86.87 million, exceeding the average estimate of $84.12 million, representing a year-over-year change of 12.3% [4] - Revenues from self-storage facilities were $1.13 billion, matching the four-analyst average estimate and reflecting a year-over-year increase of 2.6% [4] - Net earnings per share (diluted) were reported at $2.60, surpassing the average estimate of $2.52 [4] Stock Performance - Shares of Public Storage have returned 2.1% over the past month, in contrast to the Zacks S&P 500 composite's decline of 0.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]