Public Storage (PSA) Reports In-Line Q2 Core FFO
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Public Storage Reports Results for the Three and Six Months Ended June 30, 2016
July 27, 2016 6:12 PM EDTGLENDALE, Calif--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the three and six months ended June 30, 2016.
Operating Results for the Three Months Ended June 30, 2016
For the three months ended June 30, 2016, net income allocable to our common shareholders was $280.8 million or $1.61 per diluted common share, compared to $263.9 million or $1.52 in 2015 representing an increase of $16.9 million or $0.09. The increase is primarily due to (i) a $33.5 million increase in self-storage net operating income (described below) and (ii) an $8.6 million foreign exchange translation gain associated with... More
