Jul. 31 at 6:01 PM
$PSA beats earnings but drops after hours. What's going on? 🤔
Core FFO per share of
$4.28 topped the Zacks Consensus Estimate of
$4.23, but a dip in occupancy and market jitters sent shares down 1.1%. Revenue growth and a raised outlook weren't enough to buoy investor confidence.
Complete risk/reward breakdown here 👉 https://www.zacks.com/stock/news/2644876/public-storages-q2-ffo-beats-estimates-occupancy-falls-view-raised?cid=sm-stocktwits-2-2644876-body-5242&ADID=SYND_STOCKTWITS_TWEET_2_2644876_BODY_5242