Public Storage Faces Occupancy and Rent Challenges

Public Storage (PSA) has issued an announcement.

Public Storage recently unveiled an investor presentation showing a slight decrease in average annual contract rent per square foot and a minor dip in square foot occupancy for their Same Store Facilities. Despite an increase in new tenant square footage, the company saw a reduction in contract rents from both new move-ins and move-outs, indicating a challenging period. For a deeper dive into the factors influencing revenue, the presentation directs readers to their latest quarterly financial report.

See more data about PSA stock on TipRanks’ Stock Analysis page.