# Public Storage Raises Outlook as Core FFO Edges Higher

The self-storage company raised its full-year forecast while quarterly net income per share declined.

By Will Langan | 24X7 News
Published: 2026-10-27T01:03:54.359Z
Updated: 2026-10-27T01:03:54.359Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/public-storage-third-quarter-2026-results-outlook

Launch Catch-Up — Results Announced October 26, 2026.

Public Storage raised its full-year outlook after reporting a small increase in third-quarter core funds from operations, according to its October 26 earnings release.

Core FFO reached $4.34 per share, up from $4.31 a year earlier. Net income per share moved in the opposite direction, falling to $1.69 from $2.62. Core FFO is a supplemental real estate operating measure and is distinct from net income.

The company increased its full-year core FFO outlook by 10 cents per share. It also raised its same-store net operating income outlook by 90 basis points.

Public Storage said acquisitions of National Storage Affiliates and Public Storage Canada added more than 1,100 stores to its platform. Separately, it acquired 25 facilities containing approximately 1.7 million rentable square feet for $258.4 million during the quarter.

The raised outlook represents management's forecast for the full year, rather than results already earned. The reported quarter ended September 30.

Sources
Public Storage — October 26 Earnings Release: https://www.businesswire.com/news/home/20261026455248/en/Public-Storage-Reports-Third-Quarter-2026-Results-and-Raises-Guidance

## Sources
- Public Storage — October 26 Earnings Release: https://www.businesswire.com/news/home/20261026455248/en/Public-Storage-Reports-Third-Quarter-2026-Results-and-Raises-Guidance