Public Storage (PSA) Tops Q3 FFO by 3c

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Go back to Public Storage (PSA) Tops Q3 FFO by 3c

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2018

October 30, 2018 4:16 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the three and nine months ended September 30, 2018.

Operating Results for the Three Months Ended September 30, 2018

For the three months ended September 30, 2018, net income allocable to our common shareholders was $322.7 million or $1.85 per diluted common share, compared to $279.7 million or $1.61 per diluted common share in 2017 representing an increase of $43.0 million or $0.24 per diluted common share. The increase is due primarily to (i) a $10.1 million increase in self-storage net operating income (described below), (ii) a... More