PSA - Public Storage FFO of $4.13 beats by $0.09 revenue of $822.53M misses by $247.47M
- Public Storage press release ( NYSE: PSA ): Q3 FFO of $4.13 beats by $0.09 .
- Revenue of $822.53M (+14.7% Y/Y) misses by $247.47M .
- Increased Same Store direct net operating income by 16.5%, resulting from a 14.7% increase in Same Store revenues.
- Achieved 80.3% Same Store direct net operating income margin, an increase of 1.6% relative to the same period in 2021.
- For FY2022, the company expects Core FFO of $15.35 to $15.75 vs. consensus of $15.70.
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Public Storage FFO of $4.13 beats by $0.09, revenue of $822.53M misses by $247.47M