Public Storage to Keep Expanding Reach Amid Flat Rental Income -- Market Talk

Dow Jones05-01

1850 ET - $Public Storage(PSA-N)$ is encouraged despite reporting flat rental income in the March quarter, and it's working on opening more facilities. The company's seeing positive trends in customer behavior and waning deliveries of competitive new supply across the country, CEO Joe Russell says. Public Storage opened one newly developed facility and completed various expansion projects during 1Q. As of March 31, the company also had various facilities in development set to cost $432.9 million and various expansion projects to cost $350.1 million. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 30, 2024 18:51 ET (22:51 GMT)

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As of March 31, the company also had various facilities in development set to cost $432.9 million and various expansion projects to cost $350.1 million. 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As of March 31, the company also had various facilities in development set to cost $432.9 million and various expansion projects to cost $350.1 million. 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