Public Storage to Report Q3 Results Amid Cost Pressures, Analysts See Profit Growth
Public Storage, the leading self-storage real estate investment trust (REIT), is set to report its third-quarter results on Oct. 29. Analysts anticipate a marginal profit growth to $4.24 per diluted share, following a 1.2% year-over-year increase in core FFO to $4.28 per share in the second quarter. Despite a 13.9% drop in its stock over the past 52 weeks, Wall Street analysts maintain a 'Moderate Buy' rating with a mean price target indicating 9.7% upside.
Public Storage's stock has been volatile, with a significant decline compared to the broader market. The Real Estate Select Sector SPDR Fund (XLRE) experienced a less pronounced decline of 5.4% in the same period. The company's margins have faced pressure due to rising costs, with net income per share decreasing from $2.66 in Q2 2024 to $1.76 in Q2 2025. However, total revenues increased 2.4% year-over-year to $1.20 billion in the second quarter, surpassing analyst expectations.
Despite recent challenges, Public Storage's market capitalization stands at $51.66 billion, reflecting its dominant position in the self-storage industry with thousands of facilities across the U.S. and internationally.
Public Storage's third-quarter results, due on Oct. 29, will provide insights into the company's ability to navigate rising costs and maintain profit growth. Analysts' positive outlook and the company's strong revenue performance suggest potential for recovery, despite recent stock underperformance.