8/1010 sources · 6 publishersUpdated Oct 27, 22:34 UTC
Public Storage posts Q3 2026 results and lifts full‑year core FFO guidance
Public Storage reported third‑quarter 2026 core funds‑from‑operations of $4.34 per share, a modest year‑over‑year increase. Net income fell to about $312 million while same‑store revenue grew 0.5% and occupancy rose to 92.2%. The company raised its full‑year 2026 core FFO outlook to $16.90‑$17.10 per share after completing acquisitions of National Storage Affiliates and a Canadian portfolio.
Why it matters
The higher guidance suggests stronger cash‑flow generation for the year, which could support dividend payments and debt repayment. Analysts at UBS and JPMorgan have already adjusted price targets, reflecting the revised outlook.
Key facts
- 1Core FFO for Q3 2026 was $4.34 per share, up 0.7% year‑over‑year. fool.com
- 2Net income for the quarter was $312.3 million, a 32.3% decline from the prior year. tradingview.com
- 3Same‑store occupancy was 92.2% for the quarter, a 30‑basis‑point increase sequentially. investing.com
- 4Full‑year 2026 core FFO guidance was raised to $16.90‑$17.10 per share, from $16.75‑$17.05. fool.com
- 5The company completed acquisitions of National Storage Affiliates for $1.2 billion and a Canadian portfolio for $1.2 billion during the quarter. investing.com
- 6Available liquidity at quarter‑end was approximately $4.1 billion, plus about $600 million of expected annual free cash flow. fool.com
Open questions
- Revenue figures differ across sources: $1.02 billion, $1.25 billion, $1.37 billion and $1.366 billion.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.