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Public Storage (PSA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKSยท 2025-04-30 23:05
Core Insights - Public Storage (PSA) reported revenue of $1.18 billion for Q1 2025, a 2.2% year-over-year increase, with an EPS of $4.12 compared to $2.60 a year ago, indicating strong financial performance [1] - The revenue exceeded the Zacks Consensus Estimate by 1.01%, while the EPS also surpassed expectations by 1.48% [1] Financial Performance Metrics - Square Foot Occupancy was reported at 91.5%, slightly above the three-analyst average estimate of 91% [4] - Rent per Occupied Square Foot was $22.58 million, marginally below the two-analyst average estimate of $22.61 million [4] - Revenue from self-storage facilities reached $1.10 billion, exceeding the $1.09 billion average estimate from five analysts, reflecting a year-over-year increase of 1.6% [4] - Revenue from ancillary operations was $80.19 million, surpassing the four-analyst average estimate of $78.36 million, with a year-over-year change of 12.7% [4] - Net Earnings Per Share (Diluted) was reported at $2.04, below the six-analyst average estimate of $2.41 [4] Stock Performance - Public Storage shares have returned -2% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]