• Public Storage PSA.N reported quarterly adjusted earnings of $2.62​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.16. The mean expectation of eight analysts for the quarter was for earnings of $2.53 per share. Wall Street expected results to range from $2.49 to $2.59 per share.

• Revenue rose 3.1% to $1.22 billion from a year ago; analysts expected $1.21 billion.

• $Public Storage(PSA-N)$'s reported EPS for the quarter was $2.62​.

• The company reported quarterly net income of $461.41 million.

• Public Storage shares had risen by 3.2% this quarter and lost 0.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Public Storage is $325.00, about 11% above its last closing price of $289.18

This summary was machine generated from LSEG data October 29 at 10:20 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)