Public Storage
PSA: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| S$V | LOCK|$< | LOCK|rW&^%tC |
Public Storage Earnings: Muted Demand Weighs On Move-In Rents and Occupancy
Public Storage reported middling second-quarter results as the firm reported a core FFO of $4.28 per share, 1.2% higher compared with $4.23 per share in the previous year. Demand remains relatively weak, which is affecting move-in rents and occupancy rates for the portfolio.
