Public Storage releases transcript of Q2 2026 earnings call
Reuters2026/08/01 01:32- Public Storage released its Q2 2026 earnings call transcript from July 30, led by CEO Tom Boyle, President and CFO Joe Fisher, IR VP Jed Reagan.
- Core FFO $4.17 per share; raised 2026 Core FFO outlook to $16.75-$17.05, citing better same-store trends, interest expense.
- Same-store revenue -0.6% in Q2; move-in rents +1.6% with occupancy 92.5%; guidance implies Q4 exits with positive same-store revenue growth.
- NSA deal closed July 22; 1,100 stores moved onto systems overnight; identified expansions, flagged 14,000 units to bring back online in H2 2026.
- Public Storage Canada acquisition targets Q3 close; USD 1.2 billion funded by USD 900 million OP units, USD 300 million Canadian debt, earn-outs USD 288 million.
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