Public Storage Q3 2024 FFO $4.20 Misses $4.25 Estimate, Sales $1.11B Miss $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Storage reported Q3 2024 earnings of $4.20 per share, missing the consensus estimate of $4.25. Sales were $1.11 billion, below the expected $1.18 billion, but up 2.87% from last year.
October 30, 2024 | 8:11 pm
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Public Storage's Q3 2024 earnings and sales both missed analyst estimates, with earnings at $4.20 per share and sales at $1.11 billion. Despite the miss, sales increased by 2.87% year-over-year.
The earnings and sales figures both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decline in stock price. However, the year-over-year sales growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100