Public Storage Q1 FFO $4.03 Misses $4.09 Estimate, Sales $1.09B Miss $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Storage (NYSE:PSA) reported Q1 FFO of $4.03 per share, missing the consensus estimate of $4.09, and sales of $1.09B, below the expected $1.15B. This represents a slight decrease in earnings and a moderate increase in sales from the previous year.
April 30, 2024 | 8:06 pm
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NEGATIVE IMPACT
Public Storage reported lower than expected Q1 FFO and sales, missing analyst estimates.
Missing both FFO and sales estimates could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively. The slight decrease in earnings compared to last year further supports a potential short-term negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100