Public Storage (PSA) announced that its third-quarter net income allocable to common shareholders was $173.5 million or $1.03 per common share, compared to $71.5 million or $0.42 per common share for the same period in 2008.
Funds from operations for the quarter increased to $1.44 per common share, compared to $1.08 per common share for the same period in 2008.
Revenues for the quarter were $412.86 million, compared to $431.17 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share on revenues of $405.12 million for the quarter. Analysts' estimates typically exclude special items.
On November 5, 2009, Board of Trustees declared a regular common dividend of $0.55 per common share, a dividend of $0.6125 per share on the Equity Shares, Series A and dividends with respect to various series of preferred shares. All the dividends are payable on December 30, 2009 to shareholders of record as of December 15, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.