Public Storage down after forecasting 2026 core FFO below estimates
ReutersFeb 13, 2026 3:30 PM
Shares of real estate investment trust Public Storage PSA.N fall nearly 2% to $287 in morning trading
Co on Thursday forecast 2026 core funds from operations (FFO) below Wall Street estimates, signaling softer demand for its self-storage units
Said it expects full-year core FFO in the range of $16.35 to $17.00 per share, the midpoint of which is below LSEG-compiled analysts' average estimate of $16.91
Reported Q4 core FFO of $4.26 per share, compared with $4.21 per share a year ago
Announced departure of CEO Joe Russell; Russell to step down on March 31; CFO Tom Boyle to succeed him as the next chief starting April
Including session's move, shares up 9.9% YTD
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