Public Storage Q4 Earnings Advance 14%

(RTTNews) - Public Storage (PSA) released a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line totaled $427.43 million, or $2.46 per share. This was up from $376.36 million, or $2.17 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.6% to $503.05 million. This was up from $471.73 million last year.

Public Storage earnings at a glance:

-Earnings (Q4): $427.43 Mln. vs. $376.36 Mln. last year. -Earnings Growth (Y-o-Y): 13.6% -EPS (Q4): $2.46 vs. $2.17 last year. -EPS Growth (Y-o-Y): 13.4% -Analysts Estimate: $2.42 -Revenue (Q4): $503.05 Mln vs. $471.73 Mln last year. -Revenue Change (Y-o-Y): 6.6%