Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Public Storage (PSA) is 5/10.
Public Storage reported core FFO of $4.22 per share, up 2.4% year-over-year, as same-store revenue and NOI growth were flat and positive 0.4% respectively. Move-in rents improved to down 2.4%, better than the full-year expectation of mid-single-digit declines, while customer churn was materially reduced. Management maintained guidance unchanged with busy season still ahead, as the NSA acquisition strengthened platform scale.
Scored from Public Storage’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.18B | +1.5% | $3.21 | +44.6% | 73.6% | 47.0% | 52.2% | $665M |
| FY2025 Q1 | $1.18B | +2.2% | $2.04 | -21.7% | 72.0% | 39.2% | 34.5% | $647M |
| FY2025 Q2 | $1.20B | +2.4% | $1.76 | -33.8% | 73.5% | 41.6% | 29.8% | $817M |
| FY2025 Q3 | $1.22B | +3.1% | $2.62 | +21.3% | 73.0% | 70.6% | 41.8% | $988M |
| FY2025 Q4 | $1.22B | +3.3% | $2.60 | -19.0% | 24.0% | 45.8% | 41.7% | $634M |
| FY2026 Q1 | $1.22B | +2.9% | $2.71 | +33.1% | 72.1% | 38.9% | 43.2% | $625M |
| FY2026 Q2 | $1.23B | +2.6% | $2.55 | +44.9% | 72.1% | 37.9% | 40.6% | $938M |