Public Storage Publishes Q3 2026 Earnings Call Transcript

(AWP Alliance News) - Public Storage raised its 2026 core FFO guidance by USD 0.10 to USD 16.90-USD 17.10 per share at its third-quarter earnings call on October 27, attended by CEO Tom Boyle, President and CFO Joe Fisher, investor relations executive Jed Reagan and analysts. Quarterly core FFO rose 0.7% to USD 4.34 per share, while same-store revenue and net operating income each increased 0.5%.

Management now expects full-year same-store revenue growth of 0.25%, with net operating income declining 0.3%. Boyle described fundamentals as moving from stabilization to gradual recovery, though management expects fourth-quarter move-in rent growth to moderate from roughly 9% in the third quarter.

Fisher maintained expectations for a neutral earnings impact from the NSA and Public Storage Canada acquisitions this year, citing greater confidence in their net operating income contributions in 2027 and 2028.

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Disclaimer: This news brief was created using generative artificial intelligence. Public Storage published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.