Public Storage (PSA) Tops Q2 EPS by 17c, Slight Miss on Revenues
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Public Storage Reports Results for the Three and Six Months Ended June 30, 2018
August 1, 2018 4:16 PM EDTGLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the three and six months ended June 30, 2018.
Operating Results for the Three Months Ended June 30, 2018
For the three months ended June 30, 2018, net income allocable to our common shareholders was $348.3 million or $2.00 per diluted common share, compared to $276.7 million or $1.59 per diluted common share in 2017 representing an increase of $71.6 million or $0.41 per diluted common share. The increase is due primarily to (i) a $12.3 million increase in self-storage net operating income (described... More
