(RTTNews) - Public Storage (PSA: News ) 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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by RTT Staff Writer

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