Public Storage Reports 12% Increase In Q1 Bottom Line

(RTTNews) - Public Storage (PSA) reported earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line rose to $406.7 million, or $2.37 per share. This was higher than $364.43 million, or $2.21 per share, in last year's first quarter.

The company said revenue for the quarter rose 5.5% to $645.55 million. This was up from $611.79 million last year.

Public Storage earnings at a glance:

-Earnings (Q1): $406.7 Mln. vs. $364.43 Mln. last year. -Earnings Growth (Y-o-Y): 11.6% -EPS (Q1): $2.37 vs. $2.21 last year. -EPS Growth (Y-o-Y): 7.2% -Revenue (Q1): $645.55 Mln vs. $611.79 Mln last year. -Revenue Change (Y-o-Y): 5.5%