earnings
confidence high
sentiment neutral
materiality 0.75
Public Storage Q4 Core FFO $4.21/sh; 2025 guidance assumes $0.23 LA fire hit
Public Storage
2024-FY EPS reported
$10.64
revenue$4,695,616,000
- Q4 net income $3.21/diluted share; Core FFO $4.21/diluted share vs $4.20 YoY.
- Same Store revenue -0.6% YoY; direct NOI margin 79.2% vs 79.6%.
- Full year 2024 acquired 22 facilities for $267.5M; post-Q4 acquired/under contract 9 for $140.7M.
- 2025 Same Store revenue guidance -1.3% to +0.8%; expense growth 2.5% to 4.5%.
- Regular quarterly common dividend declared $3.00/share, payable March 28, 2025.