Public Storage (PSA) Tops Q4 FFO by 3c

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Go back to Public Storage (PSA) Tops Q4 FFO by 3c

Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2015

February 16, 2016 5:43 PM EST

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the quarter and year ended December 31, 2015.

Operating Results for the Three Months Ended December 31, 2015

For the three months ended December 31, 2015, net income allocable to our common shareholders was $303.0 million or $1.74 per diluted common share, compared to $284.0 million or $1.64 in 2014 representing an increase of $19.0 million or $0.10. The increase is primarily due to (i) a $39.5 million increase in self-storage net operating income offset partially by (ii) a $30.3 million reduction in equity in earnings of... More