Public Storage (PSA) Misses Q4 EPS by 27c, Revenues Miss

Public Storage (NYSE: PSA) reported Q4 EPS of $1.67, $0.27 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $619.51 million versus the consensus estimate of $713.97 million.

Comment from the CEO

“At Public Storage, our focus on the health and safety of employees and customers, enhancing the industry’s leading platform and brand, and utilizing unparalleled capital access to fund growth drove our success in 2020,” said Joe Russell, President and Chief Executive Officer. “The outlook is favorable as we enter 2021. Public Storage is transforming the customer experience through innovation amidst strong consumer demand while executing on a robust external growth environment through property acquisitions, development, and redevelopment.”

For earnings history and earnings-related data on Public Storage (PSA) click here.

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