PSA Profits up 24% – Increases Dividend 14%
Public Storage’s (PSA) fourth-quarter profit rose 24% as the real-estate investment trust posted wider margins, although revenue missed analysts’ expectations. Public Storage reported income of $271.4 million, or $1.22 a share, up from $ 220.2 million, or 96 cents a share, a year earlier. Per-share earnings reflect effects from preferred and restricted shares. Excluding foreign …