PSA - Public Storage Q2 results reflect robust deal activity portfolio performance

Public Storage (NYSE:PSA) Q2 results reflect continued strong portfolio performance and robust deal activity, says President and CEO Bowen Diehl. Non-control investments of $14.75M in Q2 2021 increases from $10.4B in the same period a year ago. Q2 affiliate investments of $1.35M declines from $1.72M in Q2 2020. Total investment income of $20.3M rises from $16.7M in the year-ago quarter, beating the consensus estimate of $19.7M; primarily due to an increase in average debt investments outstanding, offset by a decline in dividend income. Still, Q2 diluted net investment income of $0.43 per share slips from $0.45 in the year-ago quarter, missing the $0.44 estimate. Q2 interest expense of $5.4M rises from $5.0M in the prior quarter. Q2 operating expenses of $10.3M increases from $8.6M in Q2 2020. Shares of CSWC slide by 0.31% in after-hours trading. Conference call starts on Tuesday at 11:00 a.m. ET. Earlier, Capital Southwest NII misses, beats on

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Public Storage Q2 results reflect robust deal activity, portfolio performance