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Public Storage (PSA) stock

PSANYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as PSA.PF, PSA.PG, PSA.PH, PSA.PI, PSA.PJ, PSA.PK, PSA.PL, PSA.PM, PSA.PN, PSA.PO, PSA.PP, PSA.PQ, PSA.PR, PSA.PS, PSA.PT, PSA.PU
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 26, 2026Score 12/3029% above fair value
$324.77+7.71 (+2.43%)

Close on Oct 30, 2026Market cap $57.04BP/E 31.0Yield 3.69%

Earnings

Public Storage's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 11, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$1.37B
+11.6% on a year earlier
Core FFO per share and unit, Q3 FY2026
$4.34
$4.31 a year earlier
Latest guidance
Raised
Oct 26, 2026 · 5 items

Quarterly results

Revenue and earnings per share from each of Public Storage's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 11, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 26, 2026after the close$1.37B+11.6%$1.69$4.34Release
Q2 FY2026ended Jun 30, 2026Jul 29, 2026after the close$1.23B+2.6%$2.55$4.17Release
Q1 FY2026ended Mar 31, 2026Apr 27, 2026after the close$1.22B+2.9%$2.71$4.22Release
Q4 FY2025ended Dec 31, 2025Feb 12, 2026after the close$1.22B+3.3%$2.60$4.26Release
Q3 FY2025ended Sep 30, 2025Oct 29, 2025after the close$1.22B+3.1%$2.62$4.31Release
Q2 FY2025ended Jun 30, 2025Jul 30, 2025after the close$1.20B+2.4%$1.76$4.28Release
Q1 FY2025ended Mar 31, 2025Apr 30, 2025after the close$1.18B+2.2%$2.04$4.12Release
Q4 FY2024ended Dec 31, 2024Feb 24, 2025after the close$1.18B+1.5%$3.21$4.21Release
Q3 FY2024ended Sep 30, 2024Oct 30, 2024after the close$1.19B+3.8%$2.16$4.20Release
Q2 FY2024ended Jun 30, 2024Jul 30, 2024after the close$1.17B+4.8%$2.66$4.23Release
Q1 FY2024ended Mar 31, 2024Apr 30, 2024after the close$1.16B+5.8%$2.60$4.03Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Public Storage's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Revenue growthFY2026-0.7% – +0.3%–NewJul 29, 2026
Revenue growthnon-GAAPFY20260% – +0.5%–NewOct 26, 2026
Net operating income growthnon-GAAPFY2026-0.8% – +0.2%–NewOct 26, 2026
Net operating income growthnon-GAAPFY2026-2% – -0.3%-3.9% – -0.5%RaisedJul 29, 2026
Non-Same Store net operating incomenon-GAAPFY2026$355.00M – $363.00M$80.00MRaisedOct 26, 2026
Non-Same Store net operating incomenon-GAAPFY2026$343.00M – $357.00M$335.00M – $355.00MRaisedJul 29, 2026
Same Store: Net operating income growthFY2026-3.9% – -0.5%–NewFeb 12, 2026
Core FFO per sharenon-GAAPFY2026$16.90 – $17.10–NewOct 26, 2026
Core FFO per sharenon-GAAPFY2026$16.75 – $17.05$16.35 – $17.00RaisedJul 29, 2026
Expense growthnon-GAAPFY2026+1.5% – +2.5%–NewOct 26, 2026
Expense growthFY2026+2% – +3%–RaisedJul 29, 2026
Same Store: Expense growthnon-GAAPFY2026+1.5% – +2.8%–NewApr 27, 2026
Same Store: Expense growthFY2026+1.5% – +2.8%–NewFeb 12, 2026

Guidance vs results

The last range Public Storage gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025Core FFO per share$16.70 – $17.00$16.97Σ4QWithin range
FY2025Revenue growth-1.3% – +0.8%+2.74%Σ4QAbove range

Guidance history

Every forecast Public Storage put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 26, 2026Revenue growthFY20260% – +0.5%New
Oct 26, 2026Core FFO per shareFY2026$16.90 – $17.10New
Oct 26, 2026Net operating income growthFY2026-0.8% – +0.2%New
Oct 26, 2026Non-Same Store net operating incomeFY2026$355.00M – $363.00MRaised
Oct 26, 2026Expense growthFY2026+1.5% – +2.5%New
Jul 29, 2026Core FFO per shareFY2026$16.75 – $17.05Raised
Jul 29, 2026Non-Same Store net operating incomeFY2026$343.00M – $357.00MRaised
Jul 29, 2026Net operating income growthFY2026-2% – -0.3%Raised
Jul 29, 2026Expense growthFY2026+2% – +3%Raised
Jul 29, 2026Revenue growthFY2026-0.7% – +0.3%New
Apr 27, 2026Core FFO per share:FY2026$16.35 – $17.00Reaffirmed
Apr 27, 2026Same Store: Net operating income growthFY2026-3.9% – -0.5%New
Apr 27, 2026Non-Same Store net operating incomeFY2026$335.00M – $355.00MReaffirmed
Apr 27, 2026Same Store: Expense growthFY2026+1.5% – +2.8%New
Feb 12, 2026Core FFO per share:FY2026$16.35 – $17.00New
Feb 12, 2026Non-Same Store: Non-Same Store net operating incomeFY2026$335.00M – $355.00MNew
Feb 12, 2026Same Store: Net operating income growthFY2026-3.9% – -0.5%New
Feb 12, 2026Same Store: Expense growthFY2026+1.5% – +2.8%New
Oct 29, 2025Capital Activity: Development openingsFY2025$370.00MRaised
Oct 29, 2025Capital Activity: Capital expenditures: Maintenance of real estate facilitiesFY2025$175.00MLowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Public Storage filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Update
  3. Results
  4. Update
  5. Update
  6. Update
  7. Update
  8. Results
  9. News
  10. Update
  11. Update
  12. Results
  13. Update
  14. Results
  15. Results