Valued at $50.7 billion by market cap, Glendale, California-based Public Storage (PSA) focuses on acquiring, developing, owning, and operating self-storage facilities. PSA operates as the largest self-storage provider in the world, with operations spanning 38 U.S. states and several European nations.
The REIT giant is set to release its first-quarter results after the markets close on Wednesday, Apr. 30. Ahead of the event, analysts expect PSA to report core funds from operations of $4.07 per share, up nearly 1% from $4.03 per share reported in the year-ago quarter. While the company has surpassed Street’s FFO estimates once over the past four quarters, it has missed the projections on three other occasions.
