---
title: "Public Storage tops quarterly FFO estimates on better occupancy, move‑in rates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284275613.md"
datetime: "2026-04-27T22:17:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284275613.md)
  - [en](https://longbridge.com/en/news/284275613.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284275613.md)
---

# Public Storage tops quarterly FFO estimates on better occupancy, move‑in rates

April 27 (Reuters) - Real estate investment trust Public Storage (PSA.N) reported first-quarter core funds from operations (FFO) above Wall Street estimates on Monday, helped by better-than-expected occupancy and move-in rates.

-   Public Storage’s quarterly core FFO came in at $4.22 per share, above analysts’ average estimate of $4.12 apiece, according to data compiled by LSEG.
-   The Glendale, California-based company said while occupancy and move-in rates were ahead of expectations, its integrated operating platform also helped it mitigate inflationary pressures on cost of operations and maintain margins.
-   The world’s largest owner of self-storage facilities reaffirmed its annual core FFO per share forecast of $16.35 to $17.
-   The company reported first-quarter revenue of $1.22 billion, above analysts’ average estimate of $1.21 billion.
-   Public Storage’s shares were marginally up in after-hours trading.
-   Last month, Public Storage said it would acquire smaller rival National Storage Affiliates (NSA.N) in an all-stock deal valued at about $10.5 billion, including debt.

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