Public Storage · PSA · Next earnings

Public Storage reports Thursday, Feb 11, 2027

PSA reports after market close with consensus EPS at $2.40 and revenue at $1.40B. Last quarter: Public Storage raises guidance as pricing and acquisitions strengthen Q3

Reports After market close98 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $2.40 Calendar consensus
Consensus revenue $1.40B Calendar consensus
Report date Feb 11, 2027 Thursday, date estimated
Session After market close 98 days away

Where PSA left off: FY2026 Q3

Full report

Public Storage raises guidance as pricing and acquisitions strengthen Q3

EPS surprise -32.1% Reported $1.69 vs $2.49
Revenue surprise +1.9% Reported $1.37B vs $1.34B
Stock move +1.8% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year core FFO guidance to $16.90-$17.10 per share, citing stronger same-store performance.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates could increase financing costs and acquisition hurdle rates.
  • Supply pressure in Sunbelt markets may compress pricing in the short term.
  • NSA integration could temporarily increase bad debt and repair activity.
  • Price-cap legislation, local tax measures and other regulatory actions could affect operations.

Questions analysts left open

  • Whether 9% year-over-year move-in rent growth is sustainable and translates into revenue.
  • Occupancy trends in Los Angeles and Sunbelt markets, including supply pressure.
  • Higher borrowing costs and potential price-cap or local tax legislation.

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Recent PSA quarters

All PSA earnings
+1.8%FY2026 Q3-3.6%FY2026 Q2-2.7%FY2026 Q1+2.7%FY2025 Q4

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.