Public Storage (PSA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Public Storage (PSA) reported $1.18 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.2%. EPS of $4.12 for the same period compares to $2.60 a year ago.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $4.06, the EPS surprise was +1.48%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Public Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Square Foot Occupancy: 91.5% versus the three-analyst average estimate of 91%. Rent per Occupied Square Foot: $22.58 million versus the two-analyst average estimate of $22.61 million. Revenues- Self-storage facilities: $1.10 billion compared to the $1.09 billion average estimate based on five analysts. The reported number represents a change of +1.6% year over year. Revenues- Ancillary operations: $80.19 million versus the four-analyst average estimate of $78.36 million. The reported number represents a year-over-year change of +12.7%. Net Earnings Per Share (Diluted): $2.04 versus the six-analyst average estimate of $2.41. View all Key Company Metrics for Public Storage here>>>Shares of Public Storage have returned -2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Storage (PSA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks