Public Storage Q3 adjusted earnings Beat Estimates

(RTTNews) - Public Storage (PSA) announced a profit for its third quarter that climbed from the same period last year.

The company's earnings totaled $322.68 million, or $1.85 per share. This compares with $279.72 million, or $1.61 per share, in last year's third quarter.

Excluding items, Public Storage reported adjusted earnings of $464.15 million or $2.66 per share for the period.

Analysts had expected the company to earn $1.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $574.52 million from $567.97 million last year.

Public Storage earnings at a glance:

-Earnings (Q3): $464.15 Mln. vs. $410.23 Mln. last year. -EPS (Q3): $2.66 vs. $2.35 last year. -Analysts Estimate: $1.85 -Revenue (Q3): $574.52 Mln vs. $567.97 Mln last year.