Public Storage beats Q3 estimates with FFO of $4.34 per share
FROM THE WIRE · FINANCE.YAHOO.COM
FRISCO, Texas (AP) — FRISCO, Texas (AP) — Public Storage (PSA) on Monday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Frisco, Texas, said it had funds from operations of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results above expectations for a leading self-storage REIT.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Funds from operations were $822.8 million, or $4.34 per share, versus a $4.27 estimate.
- 02Net income was $312.3 million, or $1.69 per share.
- 03Revenue was $1.37 billion, above the $1.27 billion forecast.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets