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Storage Properties Inc

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BUSINESS
November 17, 1992
Storage Properties Inc., a real estate investment trust in Glendale, reported virtually no change in its third-quarter profit and revenue compared with a year earlier. The trust, which invests largely in self-storage warehouses in the Public Storage network, said its net income in the quarter ended Sept. 30 inched down to $775,000 from $780,000, while its revenue was unchanged at $915,000.
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BUSINESS
November 17, 1992
Storage Properties Inc., a real estate investment trust in Glendale, reported virtually no change in its third-quarter profit and revenue compared with a year earlier. The trust, which invests largely in self-storage warehouses in the Public Storage network, said its net income in the quarter ended Sept. 30 inched down to $775,000 from $780,000, while its revenue was unchanged at $915,000.
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BUSINESS
August 20, 1991
Storage Properties Inc., a Glendale real estate investment trust that invests primarily in self-storage warehouses, said its profits for the second quarter that ended June 30 rose 1% to $751,000 from $742,000 a year earlier, while revenues increased 8% to $909,000 from $839,000. For the six months that ended June 30, net income increased 36% from a year earlier, to $1.5 million from $1.1 million. Revenues during the same period rose 42% to $1.8 million from $1.3 million.
BUSINESS
August 20, 1991
Storage Properties Inc., a Glendale real estate investment trust that invests primarily in self-storage warehouses, said its profits for the second quarter that ended June 30 rose 1% to $751,000 from $742,000 a year earlier, while revenues increased 8% to $909,000 from $839,000. For the six months that ended June 30, net income increased 36% from a year earlier, to $1.5 million from $1.1 million. Revenues during the same period rose 42% to $1.8 million from $1.3 million.
BUSINESS
September 17, 1996
Public Storage Inc., a Glendale real estate investment trust, said its shareholders have approved a merger with Public Storage Properties X Inc. The merger is expected to be completed this week. Public Storage Inc. will be the surviving company. The company has interest in 1,068 properties nationwide, primarily mini-warehouses used for storage.
BUSINESS
May 15, 1997
Glendale-based Public Storage Properties Inc. reported first-quarter net income of $294,000, or 31 cents per share, compared with $291,000, or 31 cents, a year ago. . . . L.A.-based Foundation Health Systems Inc. reported first-quarter earnings of $1.9 million, or 47 cents per share, compared with $1.6 million, or 50 cents, a year ago. . . . Burlingame-based Gymboree Corp. reported first-quarter earnings of $8.60 million, or 34 cents a share, compared with $8.59 million, or 34 cents, a year ago.
BUSINESS
November 13, 1990
Storage Properties Inc., a real estate investment trust that invests primarily in self-storage warehouses, reported net income of $690,000 on revenue of $790,000 in the third quarter ended Sept. 30. There are no comparable year-earlier figures, because Storage Properties began operations on Sept. 12, 1989. The publicly held company is headed by B. Wayne Hughes, who is also chairman of Public Storage Inc., a major operator of self-storage facilities.
BUSINESS
May 7, 1991
Public Storage Properties X Inc. and Public Storage Properties XI Inc. said their stockholders will receive a one-time payment from the companies' excess funds in addition to their regular second-quarter distribution. The extra payments, to be made July 15, amount to 8 cents a share for PSP-X and 17 cents a share for PSP-XI. The companies' directors are expected to declare the regular payout on May 15, which also would be paid July 15 to stockholders of record June 28.
BUSINESS
July 9, 1991
Public Storage Properties XIV Inc., a Glendale concern that last month converted to a real estate investment trust from a partnership, said its series A stock began trading Monday on the American Stock Exchange. The trust, which mainly invests in storage warehouses that are managed by affiliates of Public Storage Inc. in Glendale, is the latest of several Public Storage-related partnerships that have converted to real estate investment trust status.
BUSINESS
July 28, 1992
Public Storage Properties IX Inc. said it sold one of its properties, a Public Storage mini-warehouse near Interstate 5 in Santa Ana, to the state of California because the freeway is being widened. The state has paid $3.7 million to the real estate investment trust (REIT), but both parties are still negotiating on the final price, the trust said. Public Storage Properties IX is one of several publicly traded REITs affiliated with Public Storage Co.
BUSINESS
May 21, 1991
Storage Equities Inc. said its first-quarter profit fell 24%, to $2.77 million from $3.63 million a year earlier, when its earnings were boosted by a $1.2-million gain from the sale of real estate. Excluding that gain, Storage Equities' earnings were up 11% from a year ago, and the Glendale-based company's revenue in the quarter ended March 31 edged up 4%, to $9.93 million from $9.59 million.
BUSINESS
October 2, 1990
Storage Properties Inc., a real estate investment trust in Glendale, completed an initial public offering of common stock in which it raised about $32 million. Storage Properties is an affiliate of Public Storage Inc., a Glendale-based operator of self-storage warehouses, and Storage Properties mainly invests in those structures.
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