Public Storage (PSA) Tops Q3 FFO by 1c

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Public Storage Reports Results for the Three Months Ended September 30, 2015

October 28, 2015 6:25 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the three months ended September 30, 2015.

Operating Results for the Three Months Ended September 30, 2015

For the three months ended September 30, 2015, net income allocable to our common shareholders was $273.5 million or $1.58 per diluted common share, compared to $231.8 million or $1.34 per diluted common share for the same period in 2014 representing an increase of $41.7 million or $0.24 per diluted common share. The increase is primarily due to a $41.6 million increase in self-storage net operating income as a... More