Public Storage (PSA) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.11
- Estimate
- $2.29
- Surprise
- -8.2%
- Revenue (period 2026-09-30)
- $1.37B
- Score at report (before → after)
- 5.6 → 5.5/10
Revenue source: xbrl.
How the report landed
Public Storage (PSA) missed the $2.29 estimate with adjusted EPS of $2.11 — a clear 8.2% shortfall. TrendMatrix's engine moved from Buy (Wait) (5.6/10) to Sell at 5.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PSA Sell at 5.6/10.
2 of the last 4 quarters beat the estimate; this quarter's -8.2% surprise compares with a -1.1% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.3 in RISK_OFF)
- High-quality business
What argues against it
- Concentration risk — Property Type: self-storage
- Analyst target reached - limited upside remaining
- Sector modifier (Real Estate): -1.2
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $312.64
- Stop
- $299.60
At 29.3× trailing and 31.0× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 80 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-27 — shown for context, not personalized investment advice.
PSA at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Industrial
- Market cap
- $57.36B
- P/E (fwd)
- 31.0
- P/E (ttm)
- 29.3
- 52-week range
- $256.54–$335.55
- Off 52-week high
- 6.8%
- RSI (14)
- 80
- Volume vs avg
- 0.12×
- Score today
- 5.6/10