Public Storage (NYSE: PSA) announced funds from operations (FFO) were $0.92 per common share on a diluted basis as compared to $1.40 per common share for the same period in 2009, representing a decrease of $0.48 per common share or 34.3%. analysts average $1.24. PSA misses by $0.32.
For the three months ended June 30, 2010, net income allocable to our common shareholders was $60.8 million compared to $135.5 million for the same period in 2009, representing a decrease of $74.7 million. This decrease is primarily due to a foreign currency exchange loss
Public Storage, is a fully integrated, self-administered and self-managed real estate investment trust.
Airgas, Inc. (NYSE: ARG) Board of Directors increased the quarterly cash dividend on the company’s common stock to $0.25 per share from $0.22. The dividend will be payable on September 30, 2010 to shareholders of record as of September 15, 2010.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies.
The board of directors of Arch Coal, Inc. (NYSE: ACI) declared a quarterly cash dividend of $0.10 per share on the company's common stock. The dividend is payable September 15, 2010 to shareholders of record on September 1, 2010.
Arch Coal is the second largest U.S. coal producer.
CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors declared a regular quarterly cash dividend of $0.195 per share of common stock payable on September 10, 2010, to shareholders of record as of the close of business on August 16, 2010.
CenterPoint Energy, Inc. is a domestic energy delivery company.
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Disclosure: No positions
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Institutional Investors Conference in New York, October 19, 2010