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

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

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

May 1, 2019 4:15 PM EDT

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the quarter ended March 31, 2019.

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 common share. The increase is due primarily to (i) a $7.4 million increase in self-storage net operating income (described below), (ii) a $19.6 million... More