Public Storage publishes Q3 2026 earnings call transcript
PSA•Public Storage raised its 2026 core FFO guidance by $0.10 to $16.90-$17.10 per share. Third-quarter core FFO rose 0.7% to $4.34 per share, while same-store NOI increased 0.5%.
1. Guidance and quarterly results
On its October 27 third-quarter earnings call, Public Storage raised 2026 core FFO guidance by $0.10 to $16.90-$17.10 per share, its second increase this year. Quarterly core FFO rose 0.7% to $4.34 per share, and same-store NOI increased 0.5%.
2. Rents and Los Angeles
Move-in rents increased 9.3%; management expects growth to remain positive in the fourth quarter, but below that pace. Management estimated that a recovery in Los Angeles pricing could generate $35 million to $40 million of revenue upside in 2027 and 2028.
