Public Storage Reports Results for the Three Months Ended March 31, 2021

Go back to Public Storage Reports Results for the Three Months Ended March 31, 2021

Public Storage (PSA) PT Raised to $320 at Stifel

April 29, 2021 6:59 AM EDT

Stifel analyst Stephen Manaker raised the price target on Public Storage (NYSE: PSA) to $320.00 (from $310.00) while maintaining a Buy rating.

The analyst commented, "We maintain our Buy rating on PSA and increase our target price to $320 from $310. 1Q21 results reinforce our thesis... More

Public Storage (PSA) Tops Q1 EPS by 44c

April 28, 2021 4:01 PM EDT

Public Storage (NYSE: PSA) reported Q1 EPS of $2.21, $0.44 better than the analyst estimate of $1.77.

Reported net income allocable to common shareholders of $2.21 per diluted share.Reported core FFO allocable to common shareholders (Core FFO) of $2.82 per diluted share, an increase of 9.3% relative to the same period in 2020.Increased same store direct net operating income by 6.5%, resulting from a 3.4% increase in same store revenues and a 5.7% decrease in same store direct cost of operations. Same store cost of operations was... More