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PSA - Public Storage FFO of $3.65 beats by $0.06 revenue of $749.27M misses by $236.31M
Public Storage
Public Storage press release (NYSE:PSA): Q1 FFO of $3.65 beats by $0.06. Revenue of $749.27M (+15.8% Y/Y) misses by $236.31M. Achieved 78.8% Same Store direct net operating income margin, an increase of 3.0% relative to the same period in 2021. Increased Same Store direct net operating income by 19.3%, resulting from a 15.8% increase in Same Store revenues.