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Public Storage reports Q3 core FFO $4.31, consensus $4.24

Reports Q3 revenue $1.22B, consensus $1.21B. Achieved 78.5% Same Store direct net operating income margin. Public Storage’s (PSA) third quarter results reflect differentiated strategies that continue to drive our performance,” said Joe Russell, President and Chief Executive Officer. “As industry fundamentals stabilize, new competitive supply declines, and acquisition market activity increases, we are well-positioned to continue advancing our compounding returns platform. We are raising our 2025 outlook for the second consecutive quarter based on outperformance in NOI growth, acquisition activity, and Core FFO per share growth.”

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