Public Storage Q2 2024 FFO $4.23 Beats $4.21 Estimate, Total Revenues $1.173B
Portfolio Pulse from Benzinga Newsdesk
Public Storage (PSA) reported Q2 2024 Funds From Operations (FFO) of $4.23, beating the estimate of $4.21. The company also reported total revenues of $1.173 billion.
July 30, 2024 | 8:08 pm
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Public Storage (PSA) reported Q2 2024 FFO of $4.23, surpassing the estimate of $4.21. The company also achieved total revenues of $1.173 billion.
Public Storage's better-than-expected FFO and strong revenue performance are likely to positively impact its stock price in the short term. Beating estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100