We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Public Storage | NYSE:PSA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 285.90 | 0 | 01:00:00 |
From May 2023 to May 2024
By Ben Glickman
Public Storage's third-quarter revenue rose in line with expectations as higher rents offset lower occupancy.
The Glendale, Calif.-based self-storage company posted a profit of $563.2 million, or $3.20 a share, in the third quarter, compared with $2.71 billion, or $15.38 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $2.81.
The year-ago quarter's results benefited from the sale of an equity investment in PS Business Park.
Revenue rose to $1.14 billion from $1.09 billion a year ago, in line with the expectations of analysts polled by FactSet.
The company's revenue from same-store facilities rose 2.5% due to higher realized annual rent, which was partially offset by lower occupancy.
Funds from operations, a metric which strips out real estate depreciation and amortization, was $4.58 a share, above the $4.19 a share forecast by analysts, according to FactSet.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 30, 2023 16:49 ET (20:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Public Storage Chart |
1 Month Public Storage Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
