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Public Storage

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Backed by higher revenues, Public Storage’s third-quarter 2015 funds from operations (“FFO”) per share came in at $2.27, ahead of the Zacks Consensus Estimate of $2.25 and above the prior-year quarter figure of $2.08. Results reflect an increase in net operating income (“NOI”) from both same-store and non-same store facilities. We have faith in the company’s strong brand image, which is a recognized name in the self-storage industry. Healthy performance of its U.S. portfolio, high brand value and a strong presence in key cities serve as growth drivers. Acquisition initiatives are further likely to aid growth. Yet, any rise in interest rates may pose a challenge to the company.

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