Public Storage (PSA) reported strong fourth-quarter results, surpassing Wall Street expectations for both funds from operations and revenue. The real estate investment trust posted funds from operations of $4.26 per share and revenue of $1.22 billion, with analysts having projected lower figures. For the full year, the company expects funds from operations between $16.35 and $17 per share.
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Public Storage: Q4 Earnings Snapshot
Public Storage (PSA) reported strong fourth-quarter results, surpassing Wall Street expectations for both funds from operations and revenue. The real estate investment trust posted funds from operations of $4.26 per share and revenue of $1.22 billion, with analysts having projected lower figures. For the full year, the company expects funds from operations between $16.35 and $17 per share.