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Public Storage (PSA)
:PSA
Holding PSA?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.57Last Year’s EPS
2.21Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -10.52%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with both positive and negative aspects. While operational fundamentals show signs of stabilization and digital initiatives are driving efficiencies, financial performance witnessed some declines. The transaction market is showing promise, but recent natural disasters posed challenges.Company Guidance
During Public Storage's third quarter 2024 earnings call, executives provided guidance indicating a positive outlook due to several improving metrics. They reported a stabilization in operating fundamentals, with sequential revenue growth now seen across most markets. Move-in rents showed improvement, decreasing by only 9% year-over-year in Q3 and 5% in October, compared to a 16% drop earlier in the year. The company maintained its core funds from operations (FFO) guidance at $16.50 to $16.85 per share, despite a 3% year-over-year decline to $4.20 per share in Q3. Additionally, Public Storage expects a nominal improvement in same-store revenue growth and an incremental net operating income (NOI) of $120 million from its non-same-store pool in 2025. The executives also highlighted operational enhancements, noting that 75% of move-ins are now conducted through their e-rental platform, and they have nearly 2 million PS app users. These transformations are expected to benefit customers and employees, contributing to a Great Place to Work designation for the third consecutive year.Stabilization of Operating Fundamentals
Operating fundamentals are stabilizing across most markets, with sequential revenue growth acceleration. Move-in rents showed improvement, down 9% year-over-year in Q3 and down 5% in October, compared to a 16% decline in Q1.
Digital Transformation Success
75% of move-ins are now using e-rental, the digital online lease, with nearly 2 million PS app users, enhancing the customer experience and operational efficiency.
Utility Reduction and Sustainability Initiatives
Utilities usage reduced by 30% through LED lighting and solar power installations at over 800 properties, with a goal to reach 1,300 properties by the end of 2025.
Great Place to Work Designation
Public Storage received the 'Great Place to Work' designation for the third consecutive year, reflecting positive employee engagement and company culture.
Improved Transaction Market Outlook
Signs of acquisition market picking up with increased dialogue and potential for more deals in 2025.
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PSA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $332.69 | $325.98 | -2.02% |
| Jul 30, 2024 | $299.00 | $290.70 | -2.78% |
| Apr 30, 2024 | $252.09 | $252.77 | +0.27% |
| Feb 20, 2024 | $273.22 | $277.55 | +1.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Public Storage (PSA) report earnings?
Public Storage (PSA) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Public Storage (PSA) earnings time?
Public Storage (PSA) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSA EPS forecast?
PSA EPS forecast for the fiscal quarter 2024 (Q4) is 2.57.
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