Public Storage Reports Results for the First Quarter Ended March 31, 2019

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Public Storage (PSA) Tops Q1 EPS by 2c, Revenues Miss

May 1, 2019 4:35 PM EDT

Public Storage (NYSE: PSA) reported Q1 EPS of $1.73, $0.02 better than the analyst estimate of $1.71. Revenue for the quarter came in at $588.75 million versus the consensus estimate of $689.57 million.

Operating Results for the Three Months Ended March 31, 2019

For the three months ended March 31, 2019, net income allocable to our common shareholders was $301.7 million or $1.73 per diluted common share, compared to $287.8 million or $1.65 per diluted common share in 2018 representing an increase of $13.9 million or $0.08 per diluted... More