Public Storage Reports Q3 2024 Financial Results

Summary

Public Storage announced its financial results for Q3 2024, reporting net income allocable to common shareholders of $380.7 million or $2.16 per diluted share, down from $563.2 million or $3.20 per diluted share in Q3 2023. Core FFO was $4.20 per diluted share, and the company declared a regular common quarterly dividend of $3.00 per common share payable on December 30, 2024. The company also provided an outlook for full-year 2024 Core FFO per share, expecting it to range between $16.50 and $16.85.