Public Storage (PSA) reported $1.18 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.2%. EPS of $4.12 for the same period compares to $2.60 a year ago.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $4.06, the EPS surprise was +1.48%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Public Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Square Foot Occupancy: 91.5% versus the three-analyst average estimate of 91%.
- Rent per Occupied Square Foot: $22.58 million versus the two-analyst average estimate of $22.61 million.
- Revenues- Self-storage facilities: $1.10 billion compared to the $1.09 billion average estimate based on five analysts. The reported number represents a change of +1.6% year over year.
- Revenues- Ancillary operations: $80.19 million versus the four-analyst average estimate of $78.36 million. The reported number represents a year-over-year change of +12.7%.
- Net Earnings Per Share (Diluted): $2.04 versus the six-analyst average estimate of $2.41.
View all Key Company Metrics for Public Storage here>>>
Shares of Public Storage have returned -2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Public Storage (PSA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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