How often does Public Storage move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

PSANYSEReal Estate Investment Trusts

Public Storage (PSA) earnings date, market-implied expected move, and options open interest by expiry

324.45

+7.39 · +2.33%

post 324.45 0.00%

Closed16:00 ET

Open319.49Volume968,509Mkt cap$60.7BP/E33.83EPS9.59Div yield3.69%

Day319.49 – 325.7979%52-wk249.06 – 332.1491%

PSA

Public Storage

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 11

after close · in 102 days

est.Q4 FY26

Calendar

Next report

Last report

+1.79%

vs ±4.7% implied · ×0.38

shaded = implied · ▲▼ = realized

Oct 26 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+5.17%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,132 managers

Top fund weight

4.48%

PSA weight · XLRE

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Public Storage (PSA) is expected to report on Feb 11 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±4.3%
avg realized: ±2.7%

Feb 24 '25Feb 24 '25confirmed±5.2%▲+1.73%×0.33

Apr 30 '25Apr 30 '25confirmed±4.4%▼−0.14%×0.03

Jul 30 '25Jul 30 '25confirmed±3.6%▼−5.79%×1.62

Oct 29 '25Oct 29 '25confirmed±4.7%▼−2.88%×0.62

Feb 12 '26Feb 12 '26confirmed±3.4%▲+2.73%×0.80

Q1 FY26Apr 27 '26confirmed±4.1%▼−2.73%×0.67

Q2 FY26Jul 29 '26confirmed±4.6%▼−3.64%×0.79

Q3 FY26Oct 26 '26confirmed±4.7%▲+1.79%×0.38

quarterimplied−10%0+10%realized×

Q3 FY26±4.7%▲+1.79%×0.38

Q2 FY26±4.6%▼−3.64%×0.79

Q1 FY26±4.1%▼−2.73%×0.67

Feb '26±3.4%▲+2.73%×0.80

Oct '25±4.7%▼−2.88%×0.62

Jul '25±3.6%▼−5.79%×1.62

2 older reports

Apr '25±4.4%▼−0.14%×0.03

Feb '25±5.2%▲+1.73%×0.33

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 26 close

4.04OI · 3 expiries · Oct 26 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

742+3%Nov 2019d0.848850%0.84

1,0930%Dec 1847d1.825990%1.82

report · Feb 11 · after close · est.

1,4860%Mar 19138d368+1%

ExpiryPutsCallsP/C

Nov 2019d742+3%8850%0.84

Dec 1847d1,0930%5990%1.82

report · Feb 11 · after close · est.

Mar 19138d1,4860%368+1%4.04

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

27.69%as filednet margin · revenue +10.81% QoQ · +11.61% YoY

Revenue

$1.4B+10.81% QoQ

Gross profit

$989M+11.31% QoQ

72.41% margin

Operating income

$317M−32.08% QoQ

23.20% margin

Pre-tax income

$363M−28.15% QoQ

Net income

$378M−24.77% QoQ

27.69% margin

Cost of revenue

$377M+9.53% QoQ

Operating expenses

$672M+59.29% QoQ

Depreciation $413M

Other operating $107M

SG&A $38M

Other operating $115M

Other income

$46M+18.93% QoQ

Tax benefit

$15M

Revenue$1.4B+10.81%

Gross profit

$989M+11.31%

72.41% margin

Operating income

$317M−32.08%

23.20% margin

Pre-tax income

$363M−28.15%

Net income

$378M−24.77%

27.69% margin

Cost of revenue

$377M+9.53%

Operating expenses

$672M+59.29%

Depreciation $413M

Other operating $107M

SG&A $38M

Other income$46M+18.93%

Tax benefit$15M

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.40· ±1.6% vs ±1.1% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.6%9 of 24×1.40

PCEpersonal income & outlays±1.6%11 of 19×1.40

PPIproducer prices±1.6%5 of 10×1.39

GDPgross domestic product±1.2%10 of 19×1.04

NFPjobs report±1.1%7 of 10×0.95

CPIconsumer prices±1.0%5 of 10×0.91

CPROFcorporate profits±0.7%6 of 12×0.67

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 1.69 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 26 '26 · confirmed	1.69	—
Q2 FY26	Jul 29 '26 · confirmed	2.55	—
Q1 FY26	Apr 27 '26 · confirmed	2.71	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod