- Q4 core FFO of $2.70 per share vs. $2.77 one year ago.
- Same-store (2,042) rental income up 2.2% Y/Y; operating costs up 2.6%; NOI up 2%. Gross margin of 78.8% down 10 basis points Y/Y.
- Occupancy of 93.1% down 0.7%. Revpaf of $16.18 down 2.2%.
- During 2017, PSA acquired 22 self-storage facilities with 1.4M net rentable square feet for $149.8M, and developed 16 new facilities and other expansion projects with 2.7M net rentable square feet for $312M.
- Conference call at 1 ET
- Previously: Public Storage beats by $0.02, misses on revenue (Feb. 20)
- PSA flat premarket