30.10.2023 22:24:45 - dpa-AFX: Public Storage Q3 Profit Down

WASHINGTON (dpa-AFX) - Public Storage (PSA) Monday reported third-quarter
net income of $563.2 million or $3.20 per share, compared to $2.7 billion or
$15.38 per share last year.

For the three months ended September 30, 2023, FFO was $4.58 per share as
compared to $4.66 for the same period in 2022, representing a decrease of 1.7%.

Core FFO per share for the quarter was $4.33, compared to $4.13 per share last
year.

Revenues for the quarter were $869.7 million, compared to $848.6 million last
year.

Analysts polled by Thomson Reuters expected earnings of $2.82 per share on
revenues of $1.14 billion.



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