filecrux
Oct 26, 8:40 PM
$PSA Public Storage's Q3 diluted EPS fell 35.5% to
$1.69 from
$2.62 as depreciation rose
$122.3M and NSA and PS Canada deal costs added
$114.6M.
🏢 Public Storage is an S&P 500 self-storage REIT that owned or operated 4,764 facilities at September 30, 2026, worth about
$57.37B at
$307.07 a share at 16:00 ET on October 26, 2026
🚀 Core FFO, excluding real estate depreciation and NSA/PS Canada deal costs, rose 0.7% to
$4.34 from
$4.31; the 2026 guide rose to
$16.90–
$17.10 from
$16.75–
$17.05
📈 On the other side, revenue rose 11.6% to
$1.366B on the acquisitions, and management expects
$110M–
$130M of yearly NSA synergies within three to four years, about the size of this quarter's deal costs
📅 Next: Earnings call October 27, 2026, at 11:00 a.m. (CT): watch how much integration cost is still to come and the Q4 outlook
Source: SEC 10-Q + 8-K earnings release, Oct 26
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