Public Storage (PSA) Misses Q4 EPS by 14c, Revenues Miss

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Go back to Public Storage (PSA) Misses Q4 EPS by 14c, Revenues Miss

Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2019

February 25, 2020 4:00 PM EST

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

Operating Results for the Three Months Ended December 31, 2019

For the three months ended December 31, 2019, net income allocable to our common shareholders was $327.3 million or $1.87 per diluted common share, compared to $530.1 million or $3.04 per diluted common share in 2018 representing a decrease of $202.8 million or $1.17 per diluted common share. The decrease is due primarily to (i) $183.1 million in aggregate gains due to Shurgard Self... More