Public Storage Q1 adjusted earnings Beat Estimates

(RTTNews) - Public Storage (PSA) revealed earnings for its first quarter that rose from the same period last year.

The company's bottom line totaled $287.82 million, or $1.65 per share. This compares with $281.13 million, or $1.62 per share, in last year's first quarter.

Excluding items, Public Storage reported adjusted earnings of $412.30 million or $2.37 per share for the period.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.8% to $669.92 million from $645.55 million last year.

Public Storage earnings at a glance:

-Earnings (Q1): $412.30 Mln. vs. $406.70 Mln. last year. -EPS (Q1): $2.37 vs. $2.34 last year. -Analysts Estimate: $1.67 -Revenue (Q1): $669.92 Mln vs. $645.55 Mln last year.