In a report released today, Juan C. Sanabria from BMO Capital maintained a Hold rating on Public Storage, with a price target of $325.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Juan C. Sanabria has given his Hold rating due to a combination of factors impacting Public Storage’s performance. The company reported a better-than-expected second quarter in 2025, but its top-line growth remains lackluster and is anticipated to decline in the second half of the year, largely due to rental restrictions in Los Angeles. Although earnings guidance was adjusted upwards, it still falls short of market expectations, with ancillary revenues and acquisition momentum providing some support.
Cost management continues to be a positive aspect for Public Storage, but the company’s same-store revenue growth is projected to be negative, contrasting with some of its peers who are experiencing modest increases in move-in rates. Furthermore, the core funds from operations guidance was raised slightly, yet it remains below both market and internal forecasts. These mixed signals, including the unchanged same-store revenue guidance and the expected decline in the latter part of the year, contribute to the Hold rating.