Glendale, California-based Public Storage (PSA) primarily acquires, develops, owns, and operates self-storage facilities. Valued at a market cap of $51.8 billion, the company offers storage spaces for lease on a month-to-month basis for personal and business use and also provides other related operations, including tenant reinsurance and third-party self-storage management. It is expected to announce its fiscal Q4 earnings results on Tuesday, Feb. 18.
Ahead of this event, analysts expect the self-storage company to report an FFO of $4.23 per share, marginally up from $4.20 per share in the year-ago quarter. The company has surpassed Wall Street's FFO estimates in two of the last four quarters while missing on other two occasions. Its FFO of $4.20 per share in the previous quarter fell short of the forecasted figure by roughly 1.2%.
