Public Storage (PSA) Reports Q4 Earnings: What Key Metrics Have to Say

Group 1 - Public Storage reported revenue of $1.18 billion for the quarter ended December 2024, reflecting a 1.5% increase year-over-year [1] - Earnings per share (EPS) for the quarter was$ 4.21, significantly higher than the $2.21 reported in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate, while the EPS fell slightly short of the consensus estimate of$ 4.23, resulting in a -0.47% EPS surprise [1] Group 2 - Key metrics indicate that Public Storage's square foot occupancy was 91.8%, slightly below the average estimate of 92.2% [4] - Revenue from self-storage facilities was $1.10 billion, matching the five-analyst average estimate, with a year-over-year increase of 0.7% [4] - Revenue from ancillary operations reached$ 77.33 million, exceeding the average estimate of $74.59 million and representing a 14.9% increase compared to the previous year [4] - Net earnings per share (diluted) was reported at$ 3.21, surpassing the average estimate of $2.57 [4] Group 3 - Over the past month, shares of Public Storage have returned +4.1%, contrasting with a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]