Public Storage Q1 FFO Beats Estimates, Occupancy Falls

Public Storage (PSA) reported first-quarter 2025 core funds from operations (FFO) per share of $4.12, which surpassed the Zacks Consensus Estimate of$4.06. Also, the figure increased 2.2% year over year from $4.03.Results were backed by top-line growth, with the company experiencing higher realized annual rent per occupied square foot, though a fall in occupancy partly offset the positive. PSA also reaffirmed its 2025 guidance.Quarterly revenues of$1.18 billion exceeded the Zacks Consensus Estimate of $1. ...