RTTNews | Apr 28, 2021 04:13PM EDT

16:13 Wednesday, April 28, 2021 (RTTNews.com) - Public Storage (PSA) announced a profit for its first quarter that advanced from last year.

The company's profit totaled $385.81 million, or $2.21 per share. This compares with $313.13 million, or $1.79 per share, in last year's first quarter.

Excluding items, Public Storage reported adjusted earnings of $539.25 million or $3.08 per share for the period.

Analysts had expected the company to earn $1.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.7% to $767.26 million from $719.04 million last year.

Public Storage earnings at a glance:

-Earnings (Q1): $539.25 Mln. vs. $456.31 Mln. last year.-EPS (Q1): $3.08 vs. $2.61 last year.-Analysts Estimate: $1.77-Revenue (Q1): $767.26 Mln vs. $719.04 Mln last year.

-Guidance:Full year EPS guidance: $11.35 - $11.75

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