Public Storage · PSA-PJ · Next earnings

Public Storage reports Tuesday, Feb 23, 2027

PSA-PJ reports after market close with consensus EPS at $2.46 and revenue at $1.39B. Last quarter: Public Storage raises 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-PJ left off: FY2026 Q3

Full report

Public Storage raises 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; management said full-year guidance was raised for the second time this year.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates could increase financing costs and affect asset-price sensitivity.
  • New supply in some Sunbelt markets could moderate pricing.
  • Potential price-cap legislation, emergency pricing restrictions and other regulatory changes could constrain operations.
  • Integration-related bad debt and repair activity could remain elevated.

Questions analysts left open

  • Whether 9% move-in rate growth is sustainable as it declines sequentially into Q4.
  • The effect of California emergency pricing restrictions on Los Angeles performance.
  • Expense growth from property taxes, payroll and insurance.
  • The pace and performance of NSA and Canada integration.

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Recent PSA-PJ quarters

All PSA-PJ 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.