Public Storage Publishes Q3 2026 Earnings Call Transcript
Bitget2026/10/28 22:06- Public Storage raised 2026 core FFO guidance by $0.10 to $16.90-$17.10 per share, its second increase this year.
- The October 27 third-quarter earnings call featured CEO Tom Boyle, President and CFO Joe Fisher, alongside analysts.
- Quarterly core FFO rose 0.7% to $4.34 per share; same-store NOI increased 0.5%.
- Move-in rents increased 9.3%; management expects growth to remain positive in the fourth quarter, but below that pace.
- Los Angeles pricing recovery could generate $35 million to $40 million of revenue upside in 2027 and 2028, management estimated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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