Public Storage Q2 FY26 net income per share rises 44.9% to $2.55; revenue climbs 2.65% to $1.23 billion - PSA News | RalliesPublic Storage Q2 FY26 net income per share rises 44.9% to $2.55; revenue climbs 2.65% to $1.23 billion
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PSA• Q2 results
- Public Storage posted Q2 net income of $2.55 per share, up 44.9% from a year earlier.
- Core FFO slipped 2.6% to $4.17 per share.
- Same Store revenue dipped 0.6% to $1.01 billion, while net operating income fell 2.2% to $746.37 million.
Transactions
- Public Storage closed the all-stock merger of National Storage Affiliates.
- The company also agreed to buy Public Storage Canada for USD 1.2 billion, including 68 properties totaling 5.3 million square feet.
Full-year outlook
- Full-year Core FFO forecast was lifted to $16.75-$17.05 per share, reflecting $0.02 of accretion from strategic acquisition financing.
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