03.08.2023 00:18:13 - dpa-AFX: Public Storage Q2 Profit Down
WASHINGTON (dpa-AFX) - Public Storage (PSA), on Wednesday reported lower
profit for the second quarter.
The company reported a profit of $528.3 million, or $3.00 per share, compared to
$603.4 million, or $3.42 per share in 2022 year over year.
Five analysts polled by Thomson-Reuters expected the company to report earnings
of $2.91 per share for the quarter.
Revenue was $1.1 billion in the second-quarter compared to $1.03 billion in 2022
year over year.
Public Storage closed Wednesday's trading at $278.77, down $0.58 or 0.21% in its
regular trading session.
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