Public Storage Beats Handsomely
Public Storage (NYSE:PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2011 FFO (funds from operations) of $1.29 per share, compared with $1.69 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash [...]
Public Storage (NYSE:PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2011 FFO (funds from operations) of $1.29 per share, compared with $1.69 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding several non-recurring items, FFO for third quarter 2011 was $1.56 per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards