Public Storage Q4 FFO Up - Quick Facts

(RTTNews) - Public Storage (PSA) Thursday said fourth-quarter funds from operations, or FFO, increased to $367.43 million or $2.13 per share, up from $319.21 million or $1.86 per share in the same period last year.

Core FFO for the quarter was $2.08 per share. On average, 18 analysts polled by Thomson Reuters expected the company to report FFO of $2.02 per share for the quarter. Analysts' estimates typically exclude special items.

Net income allocable to our common shareholders increased to $243.7 million or $1.41 per share from $209.5 million or $1.22 per share last year.

Revenues totaled $432.53 million, up 5.4 percent from $410.49 million last year. Analysts expected revenues of $475.45 million.