Public Storage Raises Full-Year Guidance Following Strong Q3 Earnings
Public Storage (PSA) reported third-quarter earnings and revenue that exceeded Wall Street consensus estimates. The performance was driven by a reduction in customer churn and improving occupancy rates across its self-storage portfolio. Following these results, the REIT raised its full-year 2026 core funds from funds available for distribution (FFO) per share guidance to a range of $16.90-$17.10. The company's ability to stabilize occupancy and manage tenant turnover has strengthened its financial outlook.
Tickers: $PSA
Topics: earnings beat FFO guidance occupancy rates revenue growth