Public Storage (PSA) Tops Q4 EPS by 97c

Public Storage (NYSE: PSA) reported Q4 EPS of $3.17, $0.97 better than the analyst estimate of $2.20.

• Reported core FFO allocable to common shareholders (“Core FFO”) of $3.54 per diluted share, an increase of 20.8% relative to the same period in 2020.
• Increased Same Store (as defined below) direct net operating income by 12.2%, resulting from a 13.7% increase in Same Store revenues.
• Achieved 79.9% Same Store direct net operating income margin, an increase of 5.5% relative to the year ended December 31, 2020.

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

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