What's In The Cards For Public Storage's (PSA) Q4 Earnings?
Zacks Investment Research | Feb 24, 2020 12:06AM ET
Public Storage (NYSE:PSA) is slated to release fourth-quarter and full-year 2019 numbers on Feb 25, after the closing bell. The company’s quarterly performance is likely to reflect growth in revenues as well as funds from operations (FFO) per share.
In the last reported quarter, this self-storage real estate investment trust (REIT) reported a negative surprise in terms of FFO per share of 0.36%. Results highlighted the unfavorable impact of higher expenses in the quarter for its same-store facilities, stemming from elevated marketing expenses and property taxes. Nevertheless, higher realized annual rent per occupied square foot and uptick in occupancy supported its same-store revenues.
Over the trailing four quarters, the company surpassed estimates on two occasions, met in another and missed in the other period, the average positive beat being 0.19%. This is depicted in the graph below:
Public Storage Price and EPS Surprise
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