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Public Storage (NYSE:PSA) is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
It will report its Q1 2025 earnings on April 29. Wall Street analysts expect the company to post EPS of $4.15, up from $4.03 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.19 billion, up from $1.09 billion a year earlier.
The 52-week range of Public Storage stock price was $256.31 to $369.99.
Public Storage's dividend yield is 3.82%. It paid $12 per share in dividends during the last 12 months.
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The Latest On Public Storage
On Feb. 24, the company announced its Q4 2024 earnings, posting FFO of $4.21, compared to the consensus estimate of $4.24, and revenues of $1.10 billion, compared to the consensus of $1.174 billion, as reported by Benzinga.
"Our fourth quarter performance reflected broad operational stabilization across the portfolio," said CEO Joe Russell. "In the new year, we are inspired by the strength of the Los Angeles community in response to the fires and are fully supporting impacted customers and team members. Due to the associated pricing restrictions, our guidance anticipates an approximate $0.23 per share impact to Core FFO in 2025 while portfolio operations outside of Los Angeles continue to improve."
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How Can You Earn $100 Per Month As A Public Storage Investor?
If you want to make $100 per month — $1,200 annually — from Public Storage dividends, your investment value needs to be approximately $31,414, which is around 100 shares at $313.98 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.82% in this case). So, $1,200 / 0.0382 = $31,414 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.