6 stories mentioning PSAUpdated 4d ago
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Public Storage (PSA) has an average rating of overweight and mean price target of $318.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $324.87, Change: $+1.00, Percent Change: +0.31%
Public Storage (PSA) has an average rating of overweight and mean price target of $313.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $307.73, Change: $-1.25, Percent Change: -0.40%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $4 to $322 on a forward P/FFO of 19.2x our 2026 FFO estimate, a premium to self-storage peers at 16.7x and to PSA's three-year forward average P/FFO of 17.4x. We decrease our 2025 FFO view by $0.26 to $16.73 and decrease 2027 by $0.09 to $17.93. Q1's most positive news was a material reduction in customer churn that led to lower move-out activity, improving occupancy by 40 bps Y/Y. If this continues throughout FY 2026 we would have to increase our FFO outlook. However, weakness remains in the Sun Belt markets, with Atlanta, Phoenix, and parts of Florida facing headwinds from negative same-property revenue growth Y/Y. Los Angeles also remains a drag, with the state of emergency negatively impacting pricing and creating an 80 bps drag on same-store revenue growth this year. We expect PSA's top-line performance to weaken in Q2-Q3 this year with revenue headwinds before the outlook improves in Q4 heading into 2027.
Public Storage (PSA) has an average rating of overweight and mean price target of $312.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $294.39, Change: $-2.75, Percent Change: -0.93%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PSA reported Q1 revenue of $1.21B, up 2.9% from $1.18B in Q1 2025 and $7M ahead of consensus estimates. Same-store performance showed continued stabilization with revenue now flat at $1.0B, while NOI increased 0.4% to $739M, marking a positive inflection point. Declining repairs and maintenance costs (-5.8%) and marketing expenses (-4.5%) created meaningful tailwinds for positive same-store NOI growth in Q1, demonstrating effective cost management. Despite the improvement in same-store revenue and NOI performance in Q1, PSA maintained its prior guidance for same-store NOI growth down 3.9% to down 0.5% for FY 26. The company's disciplined cost management initiatives appear to be supporting margin expansion even as revenue growth remains modest across the portfolio. We believe the maintained guidance suggests management remains appropriately cautious about the broader operating environment despite the encouraging Q1 stabilization trends in key metrics.
Public Storage (PSA) has an average rating of overweight and mean price target of $311.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $291.75, Change: $-3.25, Percent Change: -1.10%
