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| 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 | |
|---|---|---|---|---|---|---|---|---|
| 5.59 | 2.08% | 273.83 | 274.17 | 267.53 | 270.49 | 1,232,063 | 01:00:00 |
From Jun 2019 to Jun 2024
By Josh Beckerman
Public Storage (PSA) reported an 11% increase in funds from operations per share, with rent increasing as occupancy rates remained high.
The real-estate investment trust also increased its quarterly dividend to $2 from $1.80.
The Glendale, Calif., company had interests in 2,319 U.S. facilities and 218 Europe sites as of Sept. 30.
Over all, Public Storage had net income of $367.3 million, or $1.78 a share, compared with $339.6 million, or $1.58 a share, a year earlier. Revenue rose 7.2% to $663.1 million.
Funds from operations rose to $2.51 a share from $2.27.
In after-hours trading, shares rose 71 cents to $213.99.
Earlier Wednesday, rival Extra Space Storage Inc. (EXR) reported higher funds from operations as it saw strong rate growth.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 26, 2016 20:52 ET (00:52 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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