Public Storage (PSA) Wednesday reported first-quarter net income of $358.2 million or $2.04 per share, compared to $459.2 million or $2.60 per share last year.
For the three months ended March 31, 2025, FFO was $653.2 milion or $3.71 per share as compared to $748.5 million or $4.24 for the same period in 2024, representing a decrease of 12.5%. Core FFO per share for the quarter was $4.12, compared to $4.03 last year.
Total revenues for the quarter was $934.5 million, compared to $934.0 million last year.
Looking forward, the company expects core FFO per share of $16.35 to $17.00 for the full year 2025.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.