Public Storage reports results for the quarter ended September 30 - Earnings Summary

• Public Storage PSA.N reported quarterly adjusted earnings of $1.69​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.62. The mean expectation of five analysts for the quarter was for earnings of $2.39 per share. Wall Street expected results to range from $2.12 to $2.69 per share.

• Revenue rose 11.6% to $1.37 billion from a year ago; analysts expected $1.32 billion.

• Public Storage's reported EPS for the quarter was $1.69​.

• The company reported quarterly net income of $312.28 million.

• Public Storage shares had risen by 9.6% this quarter and gained 19.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 16 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Public Storage is $330.00, about 7% above its last closing price of $306.97

This summary was machine generated from LSEG data October 26 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)