Public Storage

NYSE:PSAUnited States

Apr 30, 2024

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• DJ Public Storage to Keep Expanding Reach Amid Flat Rental Income -- Market Talk, from 6:51PM ET on Tuesday Apr 30, 2024 by Dow Jones

  6:51PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: PSA
  
  1850 ET - Public Storage is encouraged despite reporting flat rental income in the March quarter, and it's working on opening more facilities. The company's seeing positive trends in customer behavior and waning deliveries of competitive new supply across the country, CEO Joe Russell says. Public Storage opened one newly developed facility and completed various expansion projects during 1Q. As of March 31, the company also had various facilities in development set to cost $432.9 million and various expansion projects to cost $350.1 million. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• Public Storage Q1 Core FFO Drops, Revenue Rises; 2024 Core FFO Guidance Maintained -- Shares Up After Hours, from 4:59PM ET on Tuesday Apr 30, 2024 by MT Newswires

  4:59PM ET on Tuesday Apr 30, 2024 by MT Newswires
  Companies Mentioned: PSA
  04:59 PM EDT, 04/30/2024 (MT Newswires) -- Public Storage (PSA) reported Q1 core funds from operations late Tuesday of $4.03 per diluted share, down from $4.08 a year earlier. Analysts polled by Capital IQ expected an adjusted FFO of $3.54. Revenue...

• Public Storage Reports Results for the Three Months Ended March 31, 2024, from 4:05PM ET on Tuesday Apr 30, 2024 by Business Wire

  4:05PM ET on Tuesday Apr 30, 2024 by Business Wire
  Companies Mentioned: PSA

  Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2024.

  "With first quarter performance in-line with our expectations, the Public Storage team is encouraged as we approach the busy season," said Joe Russell, President and Chief Executive Officer. "Our view is supported by positive trends in customer behavior and waning deliveries of competitive new supply across the country. The Public Storage team continues to deploy the powerful combination and competitive advantages tied to our brand, platform, and balance sheet. As a result, we are driving stabilizing trends in our portfolio, including re-accelerating revenue growth month-over-month in an increasing number of our markets."

• *DJ Public Storage 1Q FFO $4.24/Shr >PSA, from 4:05PM ET on Tuesday Apr 30, 2024 by Dow Jones

  4:05PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: PSA