Public Storage · PSA-PS · Next earnings

Public Storage reports Tuesday, Feb 23, 2027

PSA-PS 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-PS 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

Guidance sentiment remained raised. The supplied analysis says full-year guidance was raised again, but does not provide the updated guidance figures.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates could increase financing costs and transaction hurdle rates.
  • Supply pressure in some Sunbelt markets could temper pricing power.
  • Price-cap legislation or local self-storage taxes could affect the operating environment.
  • Bad-debt and repair costs tied to NSA integration could remain elevated.
  • Execution risk remains around portfolio integration and AI initiatives.

Questions analysts left open

  • The durability and seasonality of 9% move-in rent growth.
  • The effect of Los Angeles state-of-emergency pricing restrictions on revenue.
  • The impact of promotions and discounts on net pricing.
  • Expense growth, including property-tax wins and refinancing costs.
  • Potential price-cap legislation and other regulatory changes.

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Recent PSA-PS quarters

All PSA-PS 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.