Public Storage Q4 2023 FFO $4.20 Beats $4.14 Estimate, Sales $1.09B Miss $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Storage (NYSE:PSA) reported Q4 2023 earnings of $4.20 per share, surpassing the $4.14 estimate. However, its sales of $1.09B fell short of the $1.15B estimate, marking a 6.23% increase from the previous year.
February 20, 2024 | 9:47 pm
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Public Storage reported higher-than-expected Q4 earnings at $4.20 per share but missed revenue estimates with $1.09B against a $1.15B forecast.
While the earnings beat is positive, the miss on revenue estimates could temper investor enthusiasm, leading to a neutral short-term impact. The increase in sales year-over-year is a positive sign, but the miss on expectations may lead to cautious optimism among investors.
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