By Patrick Thomas

Public Storage Inc. (PSA) said its profit fell 8% for its second quarter, missing Wall Street estimates.

The California-based real estate investment trust, which primarily operates self-storage facilities, reported a profit of $370.1 million, or $1.76 a share, compared with $403.8 million, or $2.00 a share, a year ago.

Analysts polled by FactSet were expecting earnings of $1.82 a share.

Revenue rose to $711 million from $685.5 million a year earlier. Analysts had expected $713 million of revenue in the quarter.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

July 30, 2019 16:50 ET (20:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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