Public Storage · PSA-PF · Next earnings

Public Storage reports Tuesday, Feb 23, 2027

PSA-PF reports after market close with consensus EPS at $2.46 and revenue at $1.39B. Last quarter: Public Storage raises 2026 guidance as retention and pricing improve

Reports After market close119 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $2.46 Calendar consensus
Consensus revenue $1.39B Calendar consensus
Report date Feb 23, 2027 Tuesday, date estimated
Session After market close 119 days away

Where PSA-PF left off: FY2026 Q3

Full report

Public Storage raises 2026 guidance as retention and pricing improve

EPS surprise -32.1% Reported $1.69 vs $2.49
Revenue surprise +1.9% Reported $1.37B vs $1.34B
Stock move — Event window
Subsequent drift — Up to 20 sessions

Raised again; the current analysis cites a full-year 2026 core FFO midpoint of $17 per share.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates could raise financing costs and hinder transactions.
  • Potential price-cap or local tax measures could affect operations.
  • Sunbelt supply pressure may weigh on pricing dynamics.
  • Integration could create execution challenges and temporary bad-debt increases.
  • AI and data-science initiatives may not deliver their intended outcomes.

Questions analysts left open

  • Whether 9% move-in rent growth is sustainable.
  • Occupancy trends in Los Angeles and Sunbelt markets.
  • The effect of California pricing restrictions on NOI.
  • Integration performance for NSA and Public Storage Canada.
  • Potential cost pressure from AI-related concessions and regulatory changes.

Ask FN2 about PSA-PF next report

Transcript, numbers and history already loaded
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Recent PSA-PF quarters

All PSA-PF earnings
—FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.