Investing.com - Public Storage (NYSE:PSA) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Public Storage announced earnings per share of $4.13 on revenue of $822.53B. Analysts polled by Investing.com anticipated EPS of $2.69 on revenue of $1.06B.
Public Storage shares are down 58% from the beginning of the year, still down 24.16% from its 52 week high of $405.31 set on April 21.
Public Storage shares gained 2.81% in after-hours trade following the report.
Public Storage follows other major Real Estate sector earnings this month
Public Storage's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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