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Compared to Estimates, Public Storage (PSA) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2026, Public Storage (PSA - Free Report) reported revenue of $1.37 billion, up 11.6% over the same period last year. EPS came in at $4.34, compared to $2.62 in the year-ago quarter.
The reported revenue represents a surprise of +7.95% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being $4.27, the EPS surprise was +1.64%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 90.4% versus 92.4% estimated by two analysts on average.
Revenues- Ancillary operations: $112.08 million versus $92.72 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +31.5% change.
Revenues- Self-storage facilities: $1.25 billion versus the two-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +10.1%.
Net Earnings Per Share (Diluted): $1.69 compared to the $2.27 average estimate based on two analysts.
Shares of Public Storage have returned +7.6% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Public Storage (PSA) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2026, Public Storage (PSA - Free Report) reported revenue of $1.37 billion, up 11.6% over the same period last year. EPS came in at $4.34, compared to $2.62 in the year-ago quarter.
The reported revenue represents a surprise of +7.95% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being $4.27, the EPS surprise was +1.64%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:View all Key Company Metrics for Public Storage here>>>
Shares of Public Storage have returned +7.6% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.