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Public Storage Announces Earnings

Nov 06, 2009 (MarketNewsVideo.com via COMTEX) -- By MarketNewsVideo.com

Companies: PS Business Parks, Inc. (PSB), Public Storage, Inc. (PSA)

Public Storage announced results on Thursday after the bell.

The Glendale, California based storage company said it made $273.3 million or $1.03 per share, compaired with $137.3 illion, or 42 cents per share last year. Revenue was up four percent to $412.9 million from $431.2 million, beating expectations.

Revenue would have been higher, but lower rent per square foot and average lower occupancies during the quarter affected results.

The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200911Public110609&mv=1. 

http://www.marketnewsvideo.com/

Copyright (C) 2009 MarketNewsVideo.com. All rights reserved

News Provided by COMTEX

Companies: PS Business Parks, Inc. (PSB), Public Storage, Inc. (PSA)


Related terms: california, earnings, revenue, video

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