Public Storage Q2 FFO $4.28 Up From $3.99 YoY, Sales $1.06B Miss $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Storage (NYSE:PSA) reported Q2 earnings of $4.28 per share, a 7.27% increase YoY. However, the company's quarterly sales of $1.06 billion missed the analyst consensus estimate of $1.12 billion by 5.71%.
August 04, 2023 | 12:10 pm
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Public Storage's Q2 earnings per share increased by 7.27% YoY, but sales missed estimates by 5.71%.
Public Storage's earnings per share increased YoY, indicating improved profitability. However, the company's sales missed estimates, which could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100