Public Storage (PSA) Misses Q4 EPS by 52c

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Go back to Public Storage (PSA) Misses Q4 EPS by 52c

Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2023

February 20, 2024 4:45 PM EST

GLENDALE, Calif--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the fourth quarter and year ended December 31, 2023.

Public Storage achieved record revenues and net operating income, quickly acquired and integrated the 90,000-customer Simply Self Storage portfolio, and reached more than 3,000 owned properties during 2023. I want to thank the entire team for their focus and determination, said Joe Russell, President and Chief Executive Officer. We are well positioned in 2024 with our operating model transformation enhancing the industrys highest margins, our high growth non-same store pool comprising nearly 30% of the portfolio,... More