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NYSE:PSA 224.00 -1.74 (-0.77%) Volume: 655,626 Refresh Minimum 20 minute delay. August 26, 2016

2016 Results

July 27, 2016 Public Storage Reports Results for the Three and Six Months Ended June 30, 2016
Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2016 . Operating Results for the Three Months Ended June 30, 2016 For the three months ended June 30, 2016 , net income allocable to our common shareholders was $280.8 million or $1.61 per diluted common share, compared to $263.9 million or $1.52 in 2015 representing an increase of $16.9 million or $0.09 . The increase is primarily due to (i) a $33.5 million increase in self-storage net operating income (described below) and (ii) an $8.6 million foreign exchange translation gain associated with our euro denominated debt, partially offset by (iii) a $15.5 million allocation to our preferred shareholders as a result of redemption activities during the three months ended June 30, 2016 and (iv) $16.7 million in gains on sale of real estate investments recorded in the three months ended June 30, 2015 . The $33.5 million increase in self-storage net operating income is a result of a $23.9...
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Investor Overview

Corporate Profile

Public Storage is the world’s largest owner and operator of self-storage facilities, serving over one million customers. Public Storage is a member of the S&P 500 and FT Global 500. Common and preferred stock for Public Storage trade on the New York Stock Exchange.