Public Storage raises forecast for full-year revenue growth on higher occupancy
© Reuters. The sign outside the Public Storage facility is pictured in Westminster, Colorado, U.S. February 22, 2017. REUTERS/Rick Wilking/File Photo) on Monday raised its full-year outlook for revenue growth and core funds from operation per share, on higher move-in volumes and improved occupancy in its self-storage facilities.
The REIT, which has interests in 3,028 self-storage facilities in 40 U.S. states, now sees full-year revenue growth between 4.00% and 4.75%, the midpoint of which is above its prior expected range of 3.25% to 5.00%.
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