Investing.com - Public Storage (NYSE:PSA) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Public Storage announced earnings per share of $3.54 on revenue of $924.32M. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $913.22M.
Public Storage shares are down 8.56% from the beginning of the year, still down 9.24% from its 52 week high of $377.36 set on December 31, 2021. They are outperforming the S&P 500 which is down 9.66% from the start of the year.
Public Storage shares gained 1.90% in after-hours trade following the report.
Public Storage follows other major Real Estate sector earnings this month
Public Storage's report follows an earnings beat by Crown Castle on January 26, who reported EPS of $0.81 on revenue of $1.65B, compared to forecasts EPS of $0.7708 on revenue of $1.63B.
Equinix had missed expectations on February 16 with fourth quarter EPS of $1.36 on revenue of $1.71B, compared to forecast for EPS of $1.4 on revenue of $1.7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar