Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- Public Storage's Q1 2024 core FFO per share of $4.03 missed estimates. - Revenues of $1.16 billion exceeded estimates by 0.4%, up 5.8% YoY. - Same-store revenues rose slightly, but NOI decreased due to increased expenses. - Public Storage projects 2024 core FFO per share between $16.60-$17.20. - Extra Space Storage beat FFO estimates but saw a 3% YoY decline in figures. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
- Public Storage's Q1 2024 core FFO per share of $4.03 missed estimates.
- Revenues of $1.16 billion exceeded estimates by 0.4%, up 5.8% YoY.
- Same-store revenues rose slightly, but NOI decreased due to increased expenses.
- Public Storage projects 2024 core FFO per share between $16.60-$17.20.
- Extra Space Storage beat FFO estimates but saw a 3% YoY decline in figures.
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