Investing.com - Public Storage (NYSE:PSA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Public Storage announced earnings per share of $3.42 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $2.52 on revenue of $1.01B.
Public Storage shares are down 11.74% from the beginning of the year and are trading at $331.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.89% from the start of the year.
Public Storage shares gained 0.13% in after-hours trade the report.
Public Storage follows other major Real Estate sector earnings this month
Public Storage's report follows an earnings beat by American Tower on July 28, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
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